Electronic Currency

Do you know what is money? Do you ever seen it before? Do you touch it before? I think everyone will answer "YES". Money basically in the form of physical notes and coins, and it involve in our daily transactions. However, money can be intangible nowadays because of the evolution of technology information.

Electronic currency is known as money that just transacted electronically by computer networks or internet. There is no physical asset for electronic currency. It is a system which allows to pay for goods and services by transmitting a number from one computer to another computer. Funds will be transfered from one party to another party, by using a strong encryption to prevent payment risk to the payer. Electronic Fund Transfer and direct deposits are some of the examples for electronic currency.

Electronic currency have been used widely in banking world for currencies depositing and online payment. It is extremely convenient via electronic currency where no any physical cash involved. There will be an account in the digital world, user have to verify the ownership of the account. After that, the user can withdrew money from the electronic account. The digital bank will send a seriel number like electronic coins to the user, which the bank will sign it by using encrypted keys. Users can use this electronic coins to purchase online goods.

Doing online purchasing by using electronic currency is more secured since it using a strong encryption code that can be said is impossible to break the code. Therefore, it become more and more popular in online world as the security and privacy is protected.

FIRSTGATE Click and Buy

ClickandBuy is one of the e-payment market through INTERNET. It makes the online payment easier by innovative e-billing system. It's also provide security to users when they are using online payment. It is leading in online payment world and provides e-payment support for more than 14,000 merchants in 26 countries, with 126 different currencies and 46 different payment methods.

Paystone

Paystone provide online payment services that is inexpensive and support small financial transaction. It provide a chance for small businesses or merchandise to generate profit more efficiently and easily. In addition, it also offer email funds transfer services which enable the account holders to transfer its fund to any email they want around the world.

Beenz.com & Flooz.com

Both of these two website developed in the early stage of online currency heat and enable users to earn online currency. Beenz.com with beenz currency, Flooz.com with flooz currency. This online currency is used to make online purchase, similar like using coupon to purchase item in real world. They have been supported by online merchant and people tends to use this kind of online currency to make payment. However, dot-com disaster happen and both of these two dot com had been shut down. The difference between these two dot com and e-payment nowadays is these two dot com ise using own kind of currency which might not be accepted by certain party. Once failure of these two dot com happen, the beenz and flooz currency become unusable and worthless.

Peppercoin
It is a system to process small payment(micropayment). Peppercoin.Inc is the company who has the idea of aggregrate transactions of all user, merchant and payment service provider and pick randomly selected small transactions and bill them in a lum sum amount of money. This can helps to save transaction per cost.