Digital Money

This section comprises brief descriptions of eCurrencies along with payment systems wich use them (currencies)

Most of eCurrencies are 100% backed by physical precious metals (gold, silver, platinum, or palladium). For every unit of eCurrency, there is an equal amount of physical precious metals stored in a vaults and the person holding the eCurrency may redeem it for the exact amount of precious metal which it represents.

eCurrency is an universal currency and is ideally suited for domestic and international transactions. You can exchange one eCurrency for another and for your national currency, they can be transferred from one account holder to another.

Internet currency is rapidly becoming one of the world's primary forms of complementary currencies (forms of money beyond those of national governments). In 1990 there were less than 100 complementary currency systems worldwide. Today there are over 4000.

To open an account, an individual "deposits" money with an online e-currency company that then usually converts the amount into gold bullion. Via the Internet, the account holder can transfer ownership of some or all of that gold into someone else's e-currency account. Ownership can be repeatedly transferred.

Basic eCurrency features:

Free account

In most cases it costs nothing to open an eCurrency account, there is no minimum balance requirement. There is no credit check.

Low costs

eCurrencies cut your transaction and exchange costs. No more high bank wire transactions fees, or credit card charges.

Fast and easy to use

eCurrencies transactions are very fast because the funds are transferred immediately via electronic transfer in real-time. No delays. It takes only some minutes to open account. Make and receive payments with the click of a mouse.

Security

eCurrency tranactions are more protected than Credit Card transactions, cash, checks. No chargeback risk, no clearance problem or delay, no cash losses. No matter how large the payment is. eCurrency is the most flexible and secure way to make and receive payments for goods or services over the Internet. You operate with your account via secure interface.

International transactions.

You can send and receive money anywhere in the world immediately, without any delays and high transaction costs. An international money order or wire transfer are very expensive. In some countries credit cards, money orders, checks, wire transfer are difficult or impossible to use because of inefficient banking systems. Also most credit card issuers refuse to take international accounts on the Internet. So, eCurrencies are ideally suited for international transactions.

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