In our study electronic currency is the digital equivalent of paper currency and coins, which enables secure and anonymous purchase of low-priced item which is maybe the item, is selling below RM10. Electronic currency also called electronic money it also known as electronic cash, digital money, digital cash or digital currency.
Electronic currency refers to money or scrip which is exchange only electronically which mean do a transaction through online and pay the payment through online. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are the examples of electronic currency. Also, it is a collective term for financial cryptography and technologies enabling it.
Nowadays electronic currency is widely used throughout the world. Today nearly all the bank and institution are handled electronically though a series of computer network.
Many systems will sell their electronic currency directly to end user, such as Paypal, WebMoney, BitPass, Firstgate’s Click and Buy, PayLoadz, Paystone, Peppercoin, Beenz, Digicash, and also Flooz. Thus, Paypal is my target to discuss.
Paypal is an e-commerce business allowing payments and money transfer to be made through the internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.
A PayPal account can be funded with an electronic debit from a bank account or by a credit card. Paypal is an example of a payment intermediary service that facilitates worldwide e-commerce.
Currently, PayPal operates in 190 markets, and it manages over 184 million accounts. PayPal allows customers to send, receive, and hold funds in 19 currencies worldwide such as Australian dollar, Chinese renminbi, Hong kong dollar, Mexican peso, Singapore dollar and etc.
Electronic currency refers to money or scrip which is exchange only electronically which mean do a transaction through online and pay the payment through online. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are the examples of electronic currency. Also, it is a collective term for financial cryptography and technologies enabling it.
Nowadays electronic currency is widely used throughout the world. Today nearly all the bank and institution are handled electronically though a series of computer network.
Many systems will sell their electronic currency directly to end user, such as Paypal, WebMoney, BitPass, Firstgate’s Click and Buy, PayLoadz, Paystone, Peppercoin, Beenz, Digicash, and also Flooz. Thus, Paypal is my target to discuss.
Paypal is an e-commerce business allowing payments and money transfer to be made through the internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.A PayPal account can be funded with an electronic debit from a bank account or by a credit card. Paypal is an example of a payment intermediary service that facilitates worldwide e-commerce.
Currently, PayPal operates in 190 markets, and it manages over 184 million accounts. PayPal allows customers to send, receive, and hold funds in 19 currencies worldwide such as Australian dollar, Chinese renminbi, Hong kong dollar, Mexican peso, Singapore dollar and etc.
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