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What are the possibilities of electronic money?

2016-05-14

Какие возможности у электронных денег?

The emergence of electronic money is driven by the desire to expand the capabilities inherent in conventional fiduciary banknotes. What is most invaluable, especially in the age of high speeds, of course, is time.

With the aim of saving it, unique technologies are being created to improve processes that in the recent past required huge time resources, training of qualified personnel, and the use of expensive equipment.

So, instead of the usual letters that went by mail for several days, electronic ones came, which can be sent to anywhere in the world almost instantly. And free communication on Skype surpassed the wildest expectations.

There is no longer the need to shell out for such expensive long-distance and foreign calls. Even science fiction writers did not write about this. But today we are talking about electronic money, which was also invented for the convenience of calculations, storage and, again, to save time. The possibilities of electronic money have been expanded to incredible parameters, the main ones are:

Buy any item from the Internet market.
Payment for services.
Payment for online games.
The ability to earn and accumulate in virtual wallets.
Purchase tickets to theaters, cinema, concerts, air and train tickets, travel packages, etc.

The main types of electronic money

Before considering what opportunities electronic money has, lets highlight the main, more well-known types:

Yandex money.
Webmoney.
Qiwi.
RuPay.

If we consider electronic money in a broad sense, including cryptocurrency among them, it is worth paying attention to its main types:

Bitcoins.
Litecoins.
Primecoins.
Peercoin.
Namecoin.
It is impossible to name all species, because they are in the hundreds. Cryptocurrency is developing by leaps and bounds, it is becoming not only a means of payment, but also an object of exchange, earnings and trading on the Forex market.

 

Electronic currency and its ubiquity

The main trump card of virtual money is its form - virtual. It is impossible to touch and hear the rustle of banknotes or the clink of coins. But this does not detract from their merits or question their existence. After all, they can buy the same thing as with ordinary money: clothes, an apartment, a car, any thing. By the way, it doesnt matter if not all online stores accept payments in cryptocurrency. It can be easily converted to any other.

Funding a virtual wallet is as easy as making a virtual transaction. This can be done in different ways: with prepaid cards, transfer from another bank account, through an ATM.

You can talk a lot about the possibilities of electronic money, because, indeed, there is something to say. A very important characteristic point is the speed of the money transfer. Is it worth comparing this process with the calculation of ordinary money, for example, through the post office or bank:

Long standing in line at the cash desk of a bank, post office, store or institution.
Waiting until all bills and coins are counted.
Possible presence of counterfeit banknotes, and, as a rule, of large denomination.
Getting negative energy from possible conflicts with bank employees, store or customers.
What possibilities of electronic money can be considered the most remarkable? Perhaps, those that are hidden in their advantages and exceptional properties that fiat money does not have.

 

Benefits of e-currency creating additional opportunities

How can you object to the fact that digital currency cannot be counterfeited? And this is its undoubted advantage. After all, having virtual money, you will never have to experience what the owner of paper money experiences when there is a fake among his notes. He is upset not only by the failure of an important acquisition, but also realizes that he is trite fooled by a counterfeiter.

It doesnt matter that virtual money cannot be touched, but a thief will never touch it. It is very difficult to steal money from a virtual wallet. Virtual wallets with electronic money are equipped with special protection. And this is not just a wallet for storing money, such a wallet also contains all the information about the transactions performed. This is far from what we are used to with ordinary money, which very quickly disappears from an ordinary wallet. And we cannot remember where and what we spent them on.

Using an electronic wallet, which is an excellent assistant in keeping track of expenses, there is no need for keeping a family budget in a notebook, in which they are used to recording all income and expenses for a certain period.

The possibilities of electronic money are such that they can be compared, for example, with a mobile phone that replaced the usual landline. Once people were happy about the washboard, but now washing has been reduced to pressing one button on a special machine Amazing mobility of use and the absence of time frames and territorial restrictions are important advantages of digital currencies.

Is it possible to send paper money from a regular wallet to another city or country in a few minutes or even seconds? The answer is obvious, because the question can be considered rhetorical. But knowing what opportunities electronic money has, this process really takes place in a few moments.

Virtual, digital or electronic currency is the same money, only in a different guise, more advanced, user-friendly format. We wrote about electronic and paper money in this article.

They say that one more commandment was once written in the Bible: "Do not be afraid." But with the development of the churchs governing system, high-ranking clergymen removed it, since people who are subject to fear are much easier to manage. The point is that the ongoing debate about the viability, expediency or danger of digital currency entering our world is caused by fear.

This is the fear of recognizing the new, the very fear that often becomes a brake on development forward. It is not for nothing that they say that what you fear is your highest potential. Lets cast aside fears and believe that electronic money is an inevitable reality that is necessary for a modern person. The Internet is developing rapidly, and along with it new payment systems and electronic money are developing, which may not completely replace paper money, but will peacefully coexist with them.