Friday, June 27, 2008

Electronic Currency......@.@


Electronic currency provides a secure means of conducting transactions in electronic commerce. Nowadays, electronic currency, as a popular means of exchange and of storing value in the world is challenging the traditional trading. Besides, electronic currency is a secure and convenient accounting tool, but also becomes an important way for the modernized bank to serve their clients.
Most of the time, electronic currency system is not online for public. As electronic currency system is bank to monetary information designed pad holder could supply only payable amount as transaction codes.

Global electronic currencies will benefit Internet commerce in three ways.
First, the currencies can serve as universal media of exchange. Once a user acquires a global electronic currency, they can enter into transactions around the world without having to pay exchange fees. Second, the currencies will provide global units of account, enabling buyers and sellers all over the world to understand what goods and services are worth without calculation. Third, and perhaps most importantly, global electronic currencies will serve as stable stores of value. Competition will drive unstable products out of the market. Unlike national monies, private currencies will not be subject to the inflationary monetary policies of national governments and the special interests they represent.
As a result, the development trend and future of electronic currency are essentially a system that allows a person to pay for goods and services by transmitting a number from one to another.

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