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E-currency

Do I need cash to trade online?
Physical cash is not needed because once you open an account, your deposit will be converted into E-currency, which is a new method of conducting transactions that holds many advantages over physical money.

Electronic currency is basically virtual money. Since it is worth the same as its traditional counter parts, it can be used for almost anything that can be bought with cash or coins. If you prefer, it can even be transferred into physical form by simply withdrawing it from a bank or purchasing prepaid cards. Among its others unique features are:

Better safety
To fake or steal e-currency, a potential thief would have to bypass multiple layers of intruder tracking industry standard security, something that requires a significant amount of effort more than just printing money or breaking in. Transactions can be kept confidential as well even between the buyer and seller.

Better convenience
Through the use of the internet, e-currency can be used to purchase products from all over the world through transactions that take less than a minute to complete. Plus, you do not need any special permissions to apply for any number of accounts.

Better flexibility
Numerous banks can accept e-currency and automatically convert it to the currency they need. Other services such as giving and applying for loans are possible as well.

 

Created by : Maverick
Published : 17 Feb 2014

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