Discussion in 'Exchange Traded Funds' started by hendry1, Oct 4, 2012.
what is E-currency? Any idea how to use that?
E-Currency is the short form for Electronic Currency. Not very popular in India due to various RBI restrictions but still used in a limited scale .
The most popular among E-Currencies which are used in India is PayPal . Mostly it is used by the Freelancers who work for various Freelance websites and get paid in US Dollars into their PayPal account . They can attach PayPal account to their Bank Account and then transfer the US Dollars to their Bank A/c which are transferred as INR .
Some other prominent E-Currencies are Liberty Reserve , Payza [formerly Alert Pay], Liqpay , Solid Trust Pay , Perfect Money , but they are not very much used by Indians as they don't have such privileges like PayPal . Also E-Currencies are considered as Virtual money mostly so it sometimes is very risky to deal in less prominent E-Currencies.
For understanding more about PayPal you can visit the www.paypal.com .
is paypal is safe anough for transacting through credit card
Yes Paypal is quite safe for using credit card to add funds to it. But one thing has to be remembered that funds transferred into Paypal should be used in purposes laid down by RBI for Forex usage. I used Paypal for getting funds into my Bank Account.
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What this has got to do with respect to this forum's purpose?
For me, in the online Forex market, e-currency is the main form of money used. All trading is done on computers using the Internet.
For me, In the online Forex market, e-currency is the main form of money used. All trading is done on computers using the Internet.
E-currency is money that is exchanged on computers. "E" is the first letter of the word "electronic" and "currency" is a money system. You can think of e-currency as Internet money. Buying and selling products and services on the Internet is possible because of e-currency
Are we talking about forex trading business or digital money i.e. bitcoin or other altcoins..??
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