What Is E-Currency?


Quick Answer

E-currency is money designed to pay for goods and services on the Internet. The “e” in e-currency stands for electronic, and the word currency represents a monetary system.

Continue Reading
Related Videos

Full Answer

As technology advances, more people begin to use electronic payment systems via the Internet. Improved security measures also contribute to the rise in the use of e-currency. E-currency allows people to pay bills, transfer money between accounts, and pay for goods such as cars, electronic equipment and clothing. Many investors use e-currency to trade on the Forex markets. Traders use credit cards and other forms of e-currency to deposit funds into their trading accounts.

Learn more about Currency & Conversions

Related Questions