
Home › Business › Crypto
11 Reasons Why E-money and Virtual Currencies Are So Popular
39524 views – Minutes Read
We all remember the piggy bank in which we gladly put every penny received for a good grade or when grandparents come to visit, and probably that piggy bank is the first association for most people to save. Over time, we realized that savings can be spent very easily if the piggy bank is broken. In the end, all we have to do is buy a new one and start from the beginning.
Contents
What is the difference between E-money and virtual currencies?

Most of us have a savings card. When we take the cash to the bank and store it in our bank account, we get a card with the account number. That number is our money. When we talk about electronic currencies, we can divide them into soft and hard. Hard currencies include Western Union and Bitcoin, while soft currencies include those that allow you to cancel your payment, such as PayPal and credit cards.
While only twenty years ago credit and master cards were only available to business and wealthier people, and the rest of us longed to have them, today they have become part of everyday life and very few people do not have at least one. We could say that with their appearance, everything became easier. Thanks to the cards, we don’t have to carry a large amount of money in our pocket, fearing that someone might rob us. Also, thanks to internet banking and trade, we can pay our bills and make purchases without moving from our favorite armchair.
When we talk about virtual currencies, the first association is cryptocurrencies It is an unregulated digital currency that is only available in electronic form. Virtual currency exists within the blockchain network and is considered a subset of digital currency. It is decentralized, meaning it is not controlled by a central bank. The most popular is Bitcoin, although there are many others worth mentioning, such as Ethereum, Litecoin, Ripple, Neo, and so on. Interest in investing in cryptocurrencies is growing day by day and is considered one of the most lucrative businesses today. It is important to mention that the cryptocurrency market is volatile and that the situation can change many times in one day. This is evidenced by a recent event when the value of cryptocurrencies fell dramatically under the influence of coronaviruses that spread around the world.
In addition to the above, there are many other benefits that the use of virtual currencies and e-money brings you.

1. Speed
Electronic or digital money is the electronic equivalent of cash and is kept in an e-money account or on a payment card. Thanks to smartphones, transactions are done very easily and quickly. While transferring money through a bank account can take days, a transaction between virtual accounts takes only a few minutes. This is a great way to save time and forget about the hours spent in line.
2. Security
This is a very secure way to make a transaction, whether it is e-money or cryptocurrencies because there is no third party that will have access to your data. Because it is in the digital, not the printed version, the possibility of copying or losing money is almost ruled out.

3. Digital money is future
Investing in cryptocurrencies is the future. This is a great step for all those who want to provide for their loved ones before retiring. Just as investing in gold always goes well, so does cryptocurrencies. Another advantage is that this investment is very suitable for beginners, thanks to a large number of different currencies and their values, as well as the way you want to invest (trading, mining).
4. Environment protection
For printed money, we need a lot of material and time to make, while with digital there are no such problems. Know that by using digital money you are doing a good thing for nature because you will save some trees.

5. Lower transaction fees
Paying with credit cards can be inconvenient and “painful”. Why? Banks take a large commission for transactions (2-5%). By using bitcoin and blockchain, the transaction fee is significantly lower and very often does not exist.
6. No chargebacks
Another thing that goes in favor of using e-money and virtual currencies is to stop the fraud that comes from returning the money. If you accept the payment option in bitcoin, your sale is completed the moment you receive the transaction from the buyer.

7. No inflation
The good news is that the word inflation does not exist in the world of cryptocurrencies. While some countries additionally print money to “save” the currency, with bitcoin it does not exist due to controlled quantity limits and algorithms in the system.
8. High security
Since only the owner of the private key has access, the Government cannot freeze your account, which makes it extremely secure and reliable.

9. Confidential transactions
As we said, the transaction is done between two parties, without intermediaries. The exchange of information is done on a “push” basis, which means that you only send the recipient what you want more, not more.
10. Accessibility
E-money is a very secure and reliable way of transaction that involves low costs. Digitization has given good benefits to banks to motivate them to use transfer services with a very low commission.

11. Simple flow monitoring
Thanks to highly developed digital technology, it is very easy to track every transaction. All you need to do is access the internet and your account.
Conclusion
Before any investment, it is very important to do a little research and make a list of pros and cons. This will make it very easy for you to make the final decision. Perhaps the best advice you will ever get is to invest only as much as you are willing to lose. Because, although every investment carries a lot of risks, the fact is that the one who does not take risks – does not profit.
I wish to show some appreciation to this writer for bailing me out of this type of predicament. After exploring through the the web and finding tricks that were not beneficial, I assumed my entire life was well over. Existing without the presence of answers to the problems you have fixed through your main guide is a crucial case, and the kind that might have adversely affected my career if I had not encountered the website. Your actual competence and kindness in dealing with every part was useful. I am not sure what I would've done if I hadn't discovered such a thing like this. I can now look forward to my future. Thank you very much for this skilled and effective guide. I won't think twice to endorse your web page to any person who needs support on this matter.
Thank you for your entire labor on this web site. Ellie enjoys engaging in internet research and it's really easy to understand why. A number of us hear all concerning the lively mode you provide insightful tricks by means of your website and encourage contribution from other ones on the point so my princess is without a doubt becoming educated a great deal. Enjoy the rest of the new year. Your conducting a tremendous job.
I wanted to construct a small note so as to express gratitude to you for all of the stunning items you are showing on this website. My prolonged internet look up has at the end of the day been rewarded with incredibly good tips to talk about with my family. I would mention that most of us readers actually are unquestionably lucky to live in a decent website with so many perfect professionals with insightful concepts. I feel extremely lucky to have come across your webpages and look forward to plenty of more cool times reading here. Thank you again for everything.
I am only writing to make you know of the remarkable experience my cousin's princess developed going through yuor web blog. She came to understand some things, with the inclusion of what it's like to possess a wonderful teaching spirit to let many people without problems understand specific complicated matters. You really surpassed our desires. Thanks for producing such interesting, healthy, explanatory and even cool tips on this topic to Sandra.
I really wanted to jot down a brief comment in order to appreciate you for all of the magnificent hints you are writing here. My prolonged internet lookup has finally been paid with wonderful facts and techniques to write about with my family and friends. I 'd tell you that most of us readers are really endowed to dwell in a fine community with so many outstanding individuals with useful plans. I feel pretty blessed to have seen your website page and look forward to really more enjoyable times reading here. Thanks once more for all the details.
I have to express my respect for your generosity giving support to men and women who need guidance on this subject. Your personal commitment to passing the message all over had been rather powerful and have surely encouraged individuals like me to arrive at their targets. Your amazing warm and helpful recommendations can mean much a person like me and even further to my office colleagues. Thank you; from everyone of us.
My husband and i ended up being really joyous when Emmanuel managed to do his survey by way of the precious recommendations he obtained in your web pages. It's not at all simplistic to just always be freely giving concepts that many many people might have been making money from. Therefore we understand we need the blog owner to give thanks to because of that. Most of the illustrations you've made, the simple website menu, the friendships you aid to instill - it is all impressive, and it's facilitating our son and us imagine that that issue is interesting, and that is unbelievably pressing. Thanks for the whole thing!
I must show my thanks to you for rescuing me from this particular challenge. Right after researching throughout the search engines and finding strategies which are not beneficial, I believed my entire life was well over. Existing without the presence of solutions to the difficulties you have resolved by way of your good blog post is a crucial case, as well as those which may have adversely affected my career if I hadn't discovered the blog. Your primary ability and kindness in touching all the stuff was vital. I'm not sure what I would have done if I hadn't come upon such a subject like this. I can also now look forward to my future. Thanks a lot very much for your professional and amazing guide. I will not think twice to recommend the website to anybody who should receive support about this situation.
Thanks so much for providing individuals with an extremely splendid possiblity to check tips from this website. It is usually so amazing and also packed with a good time for me personally and my office friends to visit the blog minimum thrice per week to see the newest guidance you have. Of course, we're always motivated with all the amazing knowledge you serve. Selected two ideas in this post are ultimately the best we have had.
Thank you so much for giving everyone a very splendid possiblity to read in detail from this website. It is often very good plus jam-packed with fun for me and my office peers to search your web site the equivalent of thrice weekly to learn the newest tips you have. And indeed, I am just certainly satisfied considering the mind-blowing suggestions served by you. Some 2 tips in this article are unequivocally the finest we have ever had.
I must voice my affection for your kindness in support of those people that absolutely need guidance on this study. Your personal commitment to passing the solution throughout came to be incredibly informative and has always enabled guys like me to achieve their desired goals. This important tips and hints signifies much to me and far more to my mates. Many thanks; from each one of us.
I really wanted to jot down a quick note so as to thank you for all of the splendid pointers you are showing on this website. My rather long internet search has at the end of the day been paid with pleasant facts and strategies to share with my great friends. I 'd mention that most of us website visitors actually are really lucky to exist in a fine place with so many perfect professionals with beneficial techniques. I feel very much happy to have come across your webpage and look forward to some more excellent times reading here. Thanks again for all the details.
Thank you for your entire work on this blog. Kim take interest in setting aside time for investigation and it's really easy to see why. I learn all relating to the compelling form you offer great techniques by means of this web site and as well as welcome participation from the others about this idea so my daughter is without a doubt being taught so much. Take advantage of the rest of the new year. You're conducting a very good job.
I precisely desired to thank you so much all over again. I do not know what I could possibly have sorted out in the absence of those points contributed by you concerning such subject matter. It became a very frightening difficulty in my position, however , observing this skilled strategy you resolved it forced me to cry with happiness. Now i am grateful for this information as well as wish you know what an amazing job that you are getting into teaching others via your websites. Probably you have never got to know all of us.
I wish to show some appreciation to you just for rescuing me from this type of incident. Right after exploring through the the web and meeting ways which are not pleasant, I assumed my life was done. Being alive minus the solutions to the problems you've sorted out by way of this website is a crucial case, as well as ones which might have in a wrong way affected my entire career if I had not noticed your website. Your knowledge and kindness in touching a lot of things was very helpful. I'm not sure what I would've done if I had not come upon such a step like this. It's possible to at this moment relish my future. Thanks a lot very much for your impressive and results-oriented help. I will not think twice to recommend your web blog to anybody who needs recommendations on this area.
I'm just commenting to make you know of the cool experience my wife's daughter undergone checking the blog. She learned many things, which include how it is like to possess a very effective giving heart to let others with no trouble thoroughly grasp certain extremely tough issues. You undoubtedly did more than our own expectations. Thank you for supplying such priceless, safe, educational and as well as unique tips on this topic to Ethel.
I precisely wished to appreciate you all over again. I am not sure what I could possibly have carried out in the absence of these opinions shown by you over that field. It was before an absolute frightful matter in my position, however , considering the very expert avenue you processed the issue took me to jump with happiness. I am happy for your assistance and even expect you comprehend what a great job you have been carrying out teaching most people using your webpage. I know that you've never got to know all of us.
I simply had to say thanks again. I am not sure the things I would have sorted out without the tips and hints documented by you about such a industry. Previously it was an absolute frightening situation in my position, nevertheless witnessing your expert manner you resolved it forced me to cry with fulfillment. Now i am grateful for the information and believe you know what a powerful job you have been carrying out instructing the mediocre ones using your blog. I am sure you've never come across all of us.
I have to express appreciation to the writer for bailing me out of this circumstance. As a result of checking through the search engines and meeting techniques which were not helpful, I believed my life was well over. Being alive without the approaches to the difficulties you've fixed by means of your main posting is a serious case, as well as ones which could have badly affected my career if I hadn't noticed your web page. Your good expertise and kindness in touching everything was invaluable. I am not sure what I would've done if I had not come across such a thing like this. I am able to at this point look forward to my future. Thank you very much for your impressive and effective help. I will not be reluctant to recommend your blog to anyone who should receive counselling about this area.
I'm commenting to make you understand what a cool experience our girl undergone reading through your blog. She even learned numerous issues, most notably what it is like to possess a marvelous teaching nature to have the others with no trouble fully grasp selected specialized subject areas. You really surpassed readers' expectations. Thank you for providing those helpful, healthy, edifying and also easy tips on this topic to Evelyn.
I must voice my passion for your generosity giving support to men who have the need for guidance on this particular topic. Your special dedication to getting the solution all around appears to be exceptionally beneficial and has continually helped folks much like me to realize their targets. Your entire insightful hints and tips entails a great deal a person like me and a whole lot more to my office workers. Thank you; from all of us.
Thank you so much for giving everyone a very nice opportunity to read critical reviews from this blog. It is often very cool plus stuffed with amusement for me personally and my office mates to visit your website really 3 times per week to find out the newest tips you will have. Not to mention, I'm so actually impressed with your beautiful guidelines served by you. Certain 2 facts in this article are without a doubt the finest we have ever had.
Thanks a lot for providing individuals with an extraordinarily marvellous opportunity to read critical reviews from this blog. It can be very pleasing and also packed with a good time for me and my office mates to search your site a minimum of thrice a week to learn the new secrets you have got. And of course, I am just actually fascinated considering the powerful pointers you serve. Certain 3 ideas on this page are easily the most beneficial we've ever had.
My wife and i were absolutely satisfied Chris could complete his homework through the entire ideas he discovered out of your web pages. It's not at all simplistic just to possibly be freely giving steps which usually the others might have been making money from. And we also fully grasp we have got the writer to give thanks to for this. All of the illustrations you made, the simple blog navigation, the relationships you help foster - it's mostly fabulous, and it's really assisting our son and our family feel that this idea is cool, which is certainly quite important. Thanks for the whole lot!
Thank you so much for providing individuals with such a nice opportunity to read from this web site. It is always very sweet and full of amusement for me and my office fellow workers to visit the blog not less than three times per week to see the newest items you have. And lastly, we are always impressed for the powerful guidelines you serve. Selected 4 ideas in this post are honestly the most efficient I've ever had.
I want to express thanks to you just for rescuing me from such a incident. As a result of surfing through the world wide web and seeing things which are not helpful, I believed my entire life was gone. Existing without the presence of solutions to the problems you have solved through your main write-up is a serious case, and the ones which may have negatively affected my career if I had not discovered the website. That capability and kindness in handling everything was excellent. I am not sure what I would have done if I hadn't come across such a subject like this. I am able to at this time relish my future. Thanks for your time so much for the skilled and sensible guide. I won't be reluctant to endorse your web sites to anyone who would like recommendations about this matter.
My wife and i have been absolutely contented when Peter managed to finish up his homework by way of the precious recommendations he obtained using your site. It's not at all simplistic to simply find yourself giving away guides which some others have been trying to sell. And we recognize we have got the writer to give thanks to because of that. Those illustrations you made, the easy web site menu, the friendships you assist to promote - it is everything sensational, and it is leading our son and the family consider that the theme is excellent, which is certainly tremendously essential. Thanks for everything!
Needed to post you one little bit of note to give thanks yet again on the striking tips you've documented at this time. It was quite extremely generous with people like you to allow without restraint what numerous people might have offered as an ebook to help with making some cash on their own, particularly now that you could have done it if you ever desired. Those basics also acted to provide a easy way to be sure that the rest have similar keenness like mine to know whole lot more in regard to this condition. I am sure there are lots of more pleasurable occasions up front for folks who start reading your blog post.
I have to express thanks to this writer for rescuing me from this type of challenge. As a result of browsing through the online world and obtaining ideas which are not productive, I figured my life was done. Living devoid of the solutions to the problems you have solved by means of your good blog post is a critical case, as well as those which could have in a negative way damaged my entire career if I had not noticed the blog. Your own personal mastery and kindness in touching almost everything was crucial. I'm not sure what I would've done if I had not come upon such a thing like this. I can at this point relish my future. Thanks so much for your professional and amazing guide. I won't think twice to suggest your web sites to any individual who should get support on this issue.
Needed to put you a bit of observation just to say thanks a lot over again for your personal incredible ideas you have shown on this site. It is really seriously open-handed of you to give unhampered all that a lot of people would have made available as an e-book to help with making some dough for themselves, particularly seeing that you might have tried it in the event you desired. Those pointers in addition acted to be a good way to be aware that other people online have a similar fervor just like mine to understand many more with reference to this condition. Certainly there are several more enjoyable instances ahead for those who view your website.