E-Commerce

The first letter “E” of E-currency represent electronic in which means the currency used on the internet related field just like email and “currency” is a money system. E-currency is the money exchanged on electronically through buying and selling products and services on the Internet at lightning speed and most importantly with a high level of security. It is also known as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency. Nowadays, many people prefer buying and selling online, but there are still some risks involved. The most popular example of e-currency is credit cards which is people used for online payment. There are two types of e-currency in the world which is backed by precious metal such as e-gold is backed by gold and backed by hard currency like Paypal.

However, there are several benefits of using e-currency service on the internet like e-gold and pay pal. First, we can use e-currency through the internet that is related to any commercial applications such as shopping and investment. If you cannot get away from your businesses, you can buy and make payment any item by credit card via internet. Second, sometime make payment by credit card have some risk when provide your credit card information to the merchant you do not know them very well and most of them are far away in the other side of the earth. Therefore, we can choose to use another types of e-currency services such as e-gold and pay pal which can brings people a new way not to use their credit card as the only payment method on the internet. Lastly, e-currency services such as e-gold, pay pal and EMO are provide an efficiency capability on the whole process which allow both the buyers and merchant with the convenient way to send and receive the payment just by clicking the confirm button.

Moreover, there are many types of payment methods, one of the payment methods ofe-currency is click and buy. Since 1999, click-and-Buy represent as a leading internet payment system and a quick, secure and simple solution to process the payment systems on the internet. It also is one of the trusted payment systems in the internet and has positive feedback from customers. For examples, UK customers can buy online without ever providing personal bank or card details and can top up click-and-buy account with cash at any stores. Besides that, it makes safe and convenient purchases of internet content and services and provide many benefits to customers which are secure payment, one time free online registration, convenient monthly payment through direct debit, credit card, invoice or prepaid account and provide customer service on 24 hours.



5 reasons why should get into e-currency trading

1. Liquidity
E-currency makes a superior liquidity caused more efficient price stability and better trade execution in the market. However, there are also a number of benefits to making money by trading in e-currency, otherwise, the outstanding liquidity occur in the market bring the biggest benefits and makes it convenient for the traders with trades becoming easier to open and close transactions.

2. Geographical versatility
E-currency represent as a multifunctional tools that can help people to make money on the internet when it comes to where you can trade and when you want to trade. E-currency makes it extremely convenient to anyone, as long as you have an internet connection, you can enjoy to do your business at anywhere in the world, even though enjoy traveling or if cannot get away from your business when on vacation with your family.

3. 24-hour markets
E-currency is a non-stop business at any time anywhere, as they describe e-currency like “the internet never sleeps”. Because of this benefit, you can create a schedule that suitable for your own and trade within any time zone as you needs. In respect that, there are always people trading somewhere around the world and can join each other together.

4. Low minimum investment
With e-currency trading, there is a low minimum investment opening the door to a much more diversified group of people and it costs an arm and a leg to get into certain markets on the Internet. It is also creates a lot of opportunities to make money without spending much on it.

5. Low transaction costs
E-currency considered as a low transaction costs which allow you to do business with minimal fees giving you more profit and more money for you. The only major transaction costs that have to deal with are the spread, which is the difference between the buy and sell price of each currency.


Related links:
http://en.wikipedia.org/wiki/Electronic_money
http://ecommercesite.wordpress.com/2008/06/24/electronic-currency/
http://www.swisscom.ch/res/internet/clickandbuy/index.htm