What is e-currency?

The " E" of e-currency stands for "electronic";in which means the currency used on the internet related field just like email.

Technically electronic or digital money is a representation, or a system of debits and credits, used (but not limited to this) to exchange value, within another system, or itself as a stand alone system, online or offline. Also sometimes the term electronic money is used to refer to the provider itself. A private currency may use gold to provide extra security, such as digital gold currency. An e-currency system may be fully backed by gold (like e-gold and c-gold), non-gold backed, or both gold and non-gold backed (like e-Bullion and Liberty Reserve).

Many systems will sell their electronic currency directly to the end user, such as Paypal and WebMoney, but other systems, such as e-gold, sell only through third party digital currency exchangers.

As the allegro expandsion of internet economical applications ,the using of ecurrency will be the trend in the coming future just like credit card application before . But however there is no unified defination to the ecurrency service industries .For exalpme ,Will we define a ecurrency company as the bank service or just a finacial service firm ?This question remains gray area.

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