wholesale costume jewelry atlanta georgia What are the main reasons for electronic currencies? And pointing which is the basic reason and which is the fundamental reason.

indian gold plated jewelry wholesale Currency is a special product for general equivalent objects as a fixed place. It is the product of commodity exchange. Its main function is to implement circulation and payment methods as a medium of transactions. The currency form obeys the content of the currency content and evolves with the development of the times. Forms have infinite diversity. So far, currency forms have gone through stages such as physical currency, agency currency and credit currency. In fact, from early simple commodity currency to precious metal currencies to record data from banknotes and bank accounts, the currency form has gone through the evolution of value -based to value symbols. At the same time, e -currency came into being.

The emergence of electronic currency is the product of the information revolution. The generation and circulation of electronic currencies separate the physical currency from the concept currency. As a result, it effectively solves the problem of how to reduce "information costs" and "transaction costs" in the context of market globalization. Electronic currencies have greatly broke through the time and space restrictions of the real world. The transmission of information flow and capital flow on the Internet is very fast and convenient. The gap between time and space is no longer an obstacle to the online world. At the same time, the Internet and electronic currencies have reduced huge amounts of money printing, issuance, cash circulation, physical handling, and money -order expenses, which greatly reduced the cost of time and space. And due to the characteristics of the convenience, versatility and efficiency of electronic currencies, in the process of use and settlement of electronic currencies, not only simplify the complex procedures of traditional currency in the past, but also the use and settlement of electronic currencies are not subject to time, place, and service. The restrictions of objects, people can complete transactions within their convenience time, whether they are purchased at home or abroad.