Electronic Currency 
Electronic currency means money or scrip use over the internet. Electronic currency allows people to buy the goods and the services that the hugeness of the internet offers.Typically people using electronic currency system example e-gold and pay-pal to make their transactions.
Electronic currency means money or scrip use over the internet. Electronic currency allows people to buy the goods and the services that the hugeness of the internet offers.Typically people using electronic currency system example e-gold and pay-pal to make their transactions.
There are few benefits of people using electronic currency system:
-Debit cards and online bill payments allow immediate transfer of funds from an individual's personal account to a business's account without any actual paper transfer of money. This offers a great convenience to many people and businesses alike.
-Electronics currency system create convenience for both the buyers and merchant to make transactions for the payment just by clicking the confirm button and the deal is done.
-Debit cards and online bill payments allow immediate transfer of funds from an individual's personal account to a business's account without any actual paper transfer of money. This offers a great convenience to many people and businesses alike.
-Electronics currency system create convenience for both the buyers and merchant to make transactions for the payment just by clicking the confirm button and the deal is done.
One rare success has been Hong Kong's Octopus card system, which begin as a transit payment system and has grown into a widely used electronic cash system. Singapore also has an electronic money operation for its public transportation system (commuter trains, bus, etc), which is very similar to Hong Kong's Octopus card and based on the same type of card.
Type of E-micropayment systems
Type of E-micropayment systems
Paystone Technologies - http://www.paystone.com/
Founded in 2001, Paystone provides an reasonably priced online payment method without the risk of chargeback from fraudulent credit card use. Paystone can well handle small financial transactions (micropayments) as low as $0.25. The ability to development micropayments opens a whole new world for entrepreneurs of all sizes. A small business or individual now has a method of generating revenue from their website quickly, easily and inexpensively. This makes a whole new range of content available to personal account holders. The large online merchant can also realize the full benefits of the Paystone solution to expand and increase the profitability of their business.
Peppercoin -http://www.peppercoin.com/
Peppercoin is a cryptographic system for processing micropayments. Peppercoin Inc. was a company that offers services based on the peppercoin method. The core idea is to bill one randomly selected transaction a lump sum of money rather than bill each transaction a small amount. It uses "universal aggregation", which means that it aggregates transactions over users, merchants as well as payment service providers.
link: en.wikipedia.org/wiki/Digital_cash
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