The Erudition of E-commerce

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Electronic Currency

Electronic currency refers to money or scrip which is exchanged through electronic medium. It is also known as e-money, electronic cash or digital money which plays an important role in the cyber world. Electronic currency allows making purchases through online or sales transaction over computer network.

Electronic currency able to speed up the efficiency of transactions, provide lower transaction fees and open up new business activities opportunity through cyber world. However, there are some potential issues may rises. For example, by transferring digital currencies would create issue on how to levy taxes. Other than that, it might create macroeconomic effects such as currency exchange rate instabilities and unable to find out the availability of real cash exist.

Examples of electronic currency

1. Firstgate’s Click & Buy

- An e-commerce business which allows any business or individual to buy and sell products in cyber world conveniently and cost-effectively. With their excellent services of internet payment and billing system and continuous innovative, they had become one of the established market leaders in Europe. They offer their customers the possibility to make safe and convenient purchases of internet content and services. Click and Buy allow customers to have secure and immediate access to payment and overview of purchases made in real time.

2. Digi Cash

- Digicash Inc. was a pioneering electronic currency corporation which founded by David Chaum in 1990. Digi cash created a new personalized dimension for consumers with a brand new shopping experience. They establishing strong, high-value connection between consumers and e-commerce companies. They launched their first product which is Digicash Wallet. It gives retailers with new approaches like real-time purchases/sales, value-creating coupons and promotions to increase sales, margins and customer loyalty.


http://www.digicash.com/
http://clickandbuy.com/US/en/wasist/wasist.html

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