Undoubtedly, a clear feature in electronic currency is virtual because electronic currencies cannot be touched, placed in bags or used to pay in stores. If you discuss the material component, this currency does not have it. However, we should not hesitate about its materialize. You can buy anything on the internet with this electronic currency: apartments, cars or household appliances. Electronic currencies can also be converted in whatever currency you need. Virtual wallets are usually realized with the help of prepaid cards such as WebMoney, Yandex Money but also with electronic fund transfers between banks (Bank wire). You can withdraw money from an electronic payment system using an ATM or bank withdrawal tool. In addition, you can get credit in electronic currency. All of this is available on the global internet network. Generally all transactions with electronic currencies do not take a long time, no more than a few minutes.
Electronic currencies have characteristics that ordinary money does not have:
2. By making an electronic wallet on your computer and using special anti-spy protection, third parties will not be able to hack your electronic wallet. Confidentiality guaranteed. And you don’t have to have any permission documents. You can open as many electronic wallets as you want.
3. You are truly independent. You determine the amount of the deposit.
4. You will always be aware of who and where you are transferring your money and where your money is from.
5. Absolute security in all transactions. By using electronic money you can make transactions with protection, for example paying for goods only after you receive the item.
6. All transactions only take a few seconds.
7. You can buy goods and services in large quantities that are available and sold only with electronic money payments.
8. You can make loans using electronic money. In addition, you can return and add credit.
9. Opportunity to use from various banks, multi currency.
We can say that electronic currencies are the same as money but in digital format.
Because of the dynamic development in the Internet and technology, people can feel the opportunity for payment in other forms. All excess electronic currencies prove that everyone needs it.
Electronic currencies are a new phenomenon that increases people’s opportunities. The only problem you face is concern in trying new things.