Electronic Currency

What is Electronic Currency?

It is known as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency which refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems.

With the modern technology, people now tend to do electronic currency system. The main focuses of digital cash development are being able to use it through a wider range of hardware such as secured credit cards and linked bank accounts that would generally be used over an internet means, for exchange with a secure micropayment system such as in large corporations (PayPal). Besides that, this system enables users to perform transaction in a more confidential and privacy way. One of the most attractive features of electronic currency is that, unlike real cash, it is anonymous. That is, when the electronic currency amount is sent from a customer to a merchant, there is no way to obtain information about the customer. Thus, by using electronic currency, the bank is unable to obtain personal information about the consumer. Therefore, this adequately protects the privacy rights of the customer. Besides that, it is secure to use the system because it uses encryption. For example, the use of digital signature is almost impossible to break the code of a digital signature. Therefore, even though there is speculation about the security of the Internet, electronic currency consumers are probably more secure in their transactions than the more traditional ways of doing business.

PayLoadz is one of the websites which is an e-commerce that uses e-currency for trading which is located in the heart of New York City. Founded in 1996 as a web development company and has grown to become one of the forefront developers utilizing Macromedia development products. It is a service to sell intangible products such as software, eBooks, music, movies, digital art, manuals, articles, certificates, forms, files, and anything else that can be downloaded. It is an automated delivery service that delivers your products to your customers instantly after payment. Our system operates using PayPal's online payment system and Google Checkout.

PayLoadz do provide many benefits for the customers such as free lifetime basic account and free for first month of all premium accounts users, secure file storage on their servers, Automated delivery of your digital goods immediately after payment, Sell anywhere online: your own site, our Store, eBay and more, Affiliate Builder, a fully-functioning affiliate tracking and payment system, and Supports Downloads and CD fulfillment.

- Carmen Lee Jia Wen -