Sunday, June 29, 2008

Electronic currency


For the definition is obtain from Wikipedia, the Electronic money (also known as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are examples of electronic money. Also, it is a collective term for financial cryptography and technologies enabling it.

Electronic currency has been widely used throughout the world on an institutional level for more than two decades. Which is nearly all of the deposit currencies in the world’s banking systems are handled electronically though a series of computer network.

The example of the electronic currency company is PayLoadz, PayLoadz.com system is one of the e-micropayment products. PayLoadz, Inc. is located in the heart of New York City's Grammercy District at 23rd and Park Avenue. This close proximity to the legendary Silicon Alley gives us access to an impressive pool of talent, resources, and also reminds us of the lessons learned during the dot-com fallout. We are a new media development firm specializing in providing solutions for merchants and the community of developers. Founded in 1996 as a web development company Superfreaker Studios has grown to become one of the forefront developers utilizing Macromedia development products.It is service that sell software, eBooks, music, movies, digital art, manuals, articles, certificates, forms, files, and anything else that can be downloaded. Their automated service delivers your products to your customers instantly after payment. Our system operates using PayPal's online payment system and Google Checkout. Our sellers see an average 1,000% increase in sales using our service.

1 comment:

Anonymous said...

It is always unsafe to bring a lot of cash with us in the environment nowadays as many of the thieves will steal our money or snatch our bag if we carry much money with us. Therefore, electronic currency becomes an important role in nowadays environment.