Monday, June 29, 2009
Electronic currency refer to money or cash in a which is exchanged only electronically in a digital form. In general, this involves use of computer networks, the internet and digital stored value systems. These technologies enabling collective system for electronic currency by implemented Electronic Funds Transfer (EFT) and direct deposit in internet .
E-currency was providing several service benefit the user on the internet like e-gold and paypal.
1. The e-currency can be used to make payment for goods and services in Internet shops such as shopping on the internet and doing personal investment via internet.
2.The using of the e-currency services for example e-gold and paypal brings people a new way not to use their credit card as the only payment method on the internet.This service provide a safely store money funds on electronic account .After using this services, users does not have to provide their credit card information to the stranger merchant who most of them are far away in the other side of the earth .
3.The e-currency service companies such as e-gold ,paypal and can perform money transfers between both the buyers and merchant in the convenient way to send and receive the payment in various business projects in Internet.The users can just by clicking the confirm button and the deal is done.
In Malaysia, we have develop a electronic purse which call “touch N Go” .It is a smart card use to store money and transfer it to electronic payment .This smart card can be used at all highways in Malaysia, major public transports in Klang Valley . Besides that,This services has growth into a widely used electronic cash system in convenience stores, supermarkets, fast-food restaurants, on-street parking meters, car parks, and other point-of-sale applications such as service stations and vending machines.
reference link
http://www.giexc.com/
2 comments:
oic. now only i know that touch n go can use in other ways too. lolx
if not mistaken our mycard and atm card also have certain service like that. but the secrurity still the main concern
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