Electronic Currency

Electronic currency, also known as electronic money, refers to money or scrip which is exchange only electronically. Typically, this involves the use of computer networks, the Internet, and digital stored valued systems. Electronic Funds Transfer (EFT) and direct deposits are the examples of electronic currency. Also, it is a collective term for financial cryptography and technologies enabling it.

Electronic currency allows its holder to buy the goods and services that the vastness of the internet offers. An e-currency system may be fully backed by gold (like e-gold and c-gold), non-gold backed, or both gold and non-gold baked (like e-Bullion and Liberty Reserve).

Electronic currency trading can let you to do business and earn only few dollars of investment. In fact, some of the experts will suggest the beginners to start with only a few dollars so that they can first learn the ropes of electronic currency. Besides that, electronic currency trading has a low transaction cost. Unlike other businesses that will eat up your profit with a huge amount of fees, it allows you to do business with minimal fees and give you more profit and money. There are few websites examples that can let people to do e-currency trading such as MG E-currency and JT GOLD.com.

References:

1. http://en.wikipedia.org/wiki/Digital_cash

2. http://www.romow.com/business-blog/benefits-of-e-currency-trading/