Electronic currency is also known as e-money, electronic cash, digital money, digital cash or digital currency which refers to money or scrip that is exchanged only electronically. This involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer(EFT) is example of electronic money. EFT refers to the computer-based systems used to perform financial transactions electronically while direct deposit is a banking term used to refer to certain systems used to transfer money. Electronic currency allows its holder to buy the goods and services that the vastness of the internet offers. (http://en.wikipedia.org/wiki/Digital_cash)
Besides that, Electronic currency trading can let you to do business and earn only few dollars of investment. In fact, some of the experts will suggest the beginners to start with only a few dollars so that they can first learn the ropes of electronic currency. Low transaction cost is the benefit of electronic currency trading. With the advent of electronic currency trading anyone anywhere is the world can now trade and the account minimums offered by online currency brokers means that currency trading is not just for big players anyone can get involved. The advantages of electronic currency trading are numerous (http://www.learncurrencytradingonline.com/electronic-currency-trading.html).
Besides that, Electronic currency trading can let you to do business and earn only few dollars of investment. In fact, some of the experts will suggest the beginners to start with only a few dollars so that they can first learn the ropes of electronic currency. Low transaction cost is the benefit of electronic currency trading. With the advent of electronic currency trading anyone anywhere is the world can now trade and the account minimums offered by online currency brokers means that currency trading is not just for big players anyone can get involved. The advantages of electronic currency trading are numerous (http://www.learncurrencytradingonline.com/electronic-currency-trading.html).
Advantages
Banks offer many e-currency services to the customer that transfer funds, contribute to their retirement plans and offer a variety of other services without having to handle physical cash or checks. Customers do not have to wait in lines and this provides a lower-hassle environment.
Disadvantages
Although electronic currency has many benefits, but they are also many disadvantage. These include fraud, failure of technology, possible tracking of individuals and loss of human interaction. Besides that, key in wrong number or password when used electronic currency also is a disadvantage. Labels: week 5
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