Recently, electronic money emerged as a phenomenon in the world, Vietnam alone has more than 1 billion results of information search for this kind of money. For an overview and clarity, we send you the concept of what is electronic money and the benefits it brings through the article below.
What is electronic money?
Electronic money or digital money is digitized in the form of digital bits (units in information technology). It is stored in the issuer's database, denoted as a pen on the account that the buyer opens at the issuer.
Electronic money is used to trade, trade, and exchange directly through Internet-connected devices such as computers and smartphones, without being controlled by any agency or organization. It is very safe when the transaction is protected by electronic signature, fraud is difficult.
Electronic money is used everywhere in the world, even you can change it to cash when needed. Currently there are nearly 1000 electronic coins in the world, most prominent may be referred to as Bitcoin and copper Ethereum.
What are the benefits of electronic money?
Transaction costs are low
In the past, when you make a transaction through a bank, you often have to wait for a certain amount of time. E-money has been eliminated by the fact that when trading electronically, you do not have to go through any intermediaries, so the transaction costs are very small, sometimes not. .
Quick transaction
Normally, when you trade in electronic money, you need time to confirm, at most only a few hours, faster than the transfer of money. In addition, with electronic money, we can trade at any time including holidays.
Global Payments
Nowadays, in the world, many countries have used electronic money to settle transactions like traditional ones before, most widely in Europe. Therefore, when making purchases you can use electronic money to exchange easily, without the need to exchange the exchange rate as complex as before.
Safe, high security
Electronic money does not exist in the physical form, it is made up of pre-programmed algorithms that can not be faked like traditional currencies. When dealing, you do not need to provide any confidential information, just use the public key and the secret key (only you know) to do it.
Every transaction is one way
For e-commerce, electronic money is a reliable means of exchange, when all transactions are made in one direction. That is, once the payment is made, the buyer can not get back the money by contacting the bank as before unless the seller agrees. This limits fraud, helping sellers feel secure.
A very attractive investment opportunity awaits you! The EZToken (EZT) ICO was issued by EZPos Holdings, is entering the Pre ICO period from now until 31/12/2017, starting ICO from January 1 st to January 2018. Just sign up for an account now and do not need to make any transaction, you will get 5 free EZT./.
