Introduction
Electronic currency or digital currency is a common way through which people conduct transactions online. There are many forms of these online currencies that have existed in the past. This includes Liberty Reserve, Perfect Money and Bitcoin. These form standards of measure that is used to create a basis for transactions online. However, it can be identified that there are some online payment outlets like PayPal, Skrill and others that are based on standard currency transactions which are facilitated through these online systems. The purpose of this paper is to critically examine the concept of Electronic currency and how ...