Electronic Currency

Nowadays, a lot of companies look forward to the electronic currency trading. Electronic currency is also known as e-money, electronic money, electronic cash, digital money, digital cash or digital currency. It means that the transaction between the company and the user is using the computer networks. There have a lot of success companies to implement the business by using this system, such as Hong Kong’s octopus card system, which started as a transit payment system and has grown into widely used electronic card system.

Electronic currency is far from the traditional ways of payment like banks, cheques, paper money and coins. E-currency allows users through internet or wireless devices to pay directly from their bank accounts by electronic such as micropayment, mobile payment (m-payment) or person-to-person (p2p) payments.

One of the examples of the e-currency is the PayPal. PayPal is the service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information. The background of the PayPal can refer to http://en.wikipedia.org/wiki/PayPal. The advantages and disadvantages of PayPal can refer to the http://www.merchant-account-service.com/paypal.html.

EBay is the one of the company opens up PayPal to developer. It is because PayPal allows buyers to pay instantly for eBay purchases. Buyer's like PayPal because they can quickly and easily pay for eBay purchases online. The more detail of the eBay using the PayPal, can refer to http://news.google.com/news?hl=en&q=paypal&um=1&ie=UTF-8&sa=X&oi=news_result&resnum=11&ct=title.

There have some advantage and disadvantage by using the electronic currency in our life. User can refer to this http://www.iit.edu/~peacjen/cs485/ecash2.htm to determine the safeguard by using the electronic currency.