Monday, May 3, 2010

E-currency

What is e-currency?

E-currency is money that is exchanged on computers. 'E' is the first letter of the word 'electronic' and 'currency' is a money system. You can think of e-currency as Internet money.

Buying and selling products and services on the Internet is possible because of e-currency. In the present time, more security on the Internet means more people are now buying and selling online. Modern security means it is now safer to deal on the Internet, but there are still some risks involved.

Credit cards are a popular example of e-currency. E-wallets (online money vendors) is another.


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