Electronic Currency

Electronic currency (E-currency) which is also knows as e-money, electronic cash, electronic money, digital money, digital cash or digital currency. It refers to money which is exchanged only electronically through internet. Example of e-currency is Electronic Funds Transfer (EFT) and direct deposit.

E-currency is widely used in the internet as the medium of internet related commercial actions. The e-currency being used on the internet related commercial applications such as shopping on the internet and doing personal investment via internet. The using of the e-currency services allows people not to use their credit card as the only payment method on the internet since sometime there exists a big risk to 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. The e-currency service companies such as e-gold, paypal and EMO can provide both the buyers and merchant the convenient way to send and receive the payment just by clicking the button and the deal is done. None of the payment methods in the world right now can provide this kind of efficiency capability.

One rare success has been Hong Kong's Octopus card system, which started as a transit payment system and has grown into a widely used electronic currency system. Singapore also has an electronic money implementation for its public transportation system such as commuter trains, bus, and so on which is very similar to Hong Kong's Octopus card and based on the same type of card (FeliCa). A very successful implementation of e-currency is in the Netherlands, known as Chipknip.

There are types of e-currency in the world, which the major different is based on backed base.

1. backed by precious metal such as e-gold, which is a digital gold currency operated by Gold & Silver Reserve Inc., is backed by gold.

2. backed by hard currency like Paypal, which It serves as an electronic alternative to traditional paper methods such as cheques and money orders.
3. backed by non-gold backed, or both gold and non-gold backed like e-Bullion and Liberty Reserve.

E-currency can help people make a lot of money with small amount of time that it practically runs on autopilot. And here are some simple steps to Electronic Currency Success, which available at www.dxingold.com

1. Open up an E-Currency account on the global network and set up your portfolio.
2. Fund your E-Currency portfolio.
3. Choose the correct currencies to trade from the global E-Currency network.
4. Set your portfolio to pay the premiums from your E-Currency selections to ensure continuous operation. (When set properly, it is impossible to lose money.)
5. Re-Invest or withdraw the gains from your portfolio.
6. Qualify for your Merchant Console.
7. Operate your Console to process exchanges. (Bring in even more revenue into your account)
8. Continue to grow your portfolio by accumulating global E-Currency symbols within your account. (These pay out daily dividends)