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The “E” of e-currency stands for “electronic”;in which means the currency used on the internet related field just like email .E-currency, or digital currency, is a stored value and payment system, usually account-based, that allows users to store funds (such as Euro, USD, Yen, etc., and metals such as gold, silver, etc., or anything else of value for that matter). The main feature of a digital currency is that spends (payments) are irrevocable, unlike bank payments (wires, checks), and other systems that have similar features (online payments) but can easily reverse payments, such as PayPal.
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27-10-2012, 05:37 PM #1
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