Electronic currency

Electronic currency is money that cannot be touched or held but can be transacted online. It is borderless which means that you can actually pay or receive e-money from someone on the other side of the world, all through your computer. Payments are made in real time and the money is transacted online instantly. E-moneyalso allows small transfers starting from 1 cent. Obviously e-money can be changed into real paper money any time the owner decides to.

One example of the e-currency systems in Malaysia is http://www.paystone.com./Paystone Technologies Corporation is a private Internet payment and money transfer company dedicated to providing secure, easy, real time Internet transactions. Process micro payments open a whole new world for entrepreneurs of all sizes. Paystone also provides an email money transfer option. A Paystone account holder can send funds to the email address of anyone in many countries around the world. The recipient of the funds signs up for Paystone and can cash out the money to their local bank account.

Due to global commerce consumers find themselves conducting business with companies and people from different parts of the world. This has resulted in a heavy reliance e-currency exchange services to complete cross-continental transactions more efficiently.This influx of e-currencies has created a window of profitable opportunity for those in this business.