| |
| |
|
Ecommerce Information |
|
|
|
E-Currency Exchange: The First Bonanza of the 21st Century?
The 21st century has introduced the world to a new way of doing business. It's now a foregone conclusion that global commerce will be as revolutionized by it as Henry Ford's mass-production techniques were a defining characteristic of the 1900s. The business is e-currency, which allows Internet-based purchase and sales transactions involving almost anything to be safely conducted at lightning speed. Safeguards are in place to make identity fraud, chargeback prevention and funds verification much more of a surety than anything the conventional means of payment in the non-cyber world can provide. E-currency may only exist in the cyber world, but that is nothing new. The euro began in the same manner. It was officially accepted by the countries of the European Union in 1999 to simplify business by eliminating exchange rates, but it began life 20 years before that by private financial institutions who saw it as an idea that had to happen. By 2002, the euro evolved from cyber-tender to hard cash and is now arguably the second-most influential currency in the world. The Internet's globalization of commerce on an instantaneous basis means that, where the euro has already gone, today's e-currencies will follow. However, there is still one major issue that needs to be resolved before all is proclaimed to be perfect in the rapidly expanding multi-billion-dollar world of cyberspace. There are still many different e-currencies in existence, with no universally accepted forum for exchanging them with one another or converting them to hard cash. So, a company called GDT --- Global Digital Transactions --- has stepped forward to create a solution. Their endeavor is called DXinOne, or DXiO. The term 'DX' pertains to a unit of e-currency. 'DXG' is used to describe that unit in terms of its equivalent value in gold; it's currently pegged at DXG 1.00 = USD 1.00 for exchange purposes. Most e-currencies are backed by gold reserves held privately by the companies that issue them. A unit of 'DXG' is called a 'digot' --- a combination of 'digit' and 'ingot' --- and the popular pronunciation is 'dig it.' The reason this should be interesting to you is that you can make money with it --- serious money --- by becoming an e-Merchant who facilitates these e-currency exchanges. Tens of thousands of them occur daily. Soon it will be tens of millions. Basically, if you study the DXiO system in detail, you'll see that it's a fee-based settlement operation rather than a market-based investment activity. GDT has designed DXiO to perform the same function in cyberspace that title companies do for real estate brokers and that clearing houses do for stockbrokers. DXiO does not have an equity stake in any of your transactions. It merely accounts for them on behalf of the participants in each transaction. It then takes a fee for its services. If you take the time and commit to the requisite study of the system, its proponents claim you cannot lose with it. Currently, the DXiO system is in a beta-test mode in preparation for its full introduction and deployment to the public. As a participant, you will become a 'member' of a private organization. As such, you will interact with other members in ways which enable you to learn the intricacies of the DXiO system. Ultimately, you'll advance to the e-Merchant stage, where you'll be handling transaction claims for e-currency exchanges and taking a fee for doing it. Your profits will not come from your investment into the business, per sé, but from your utilization of funds in your portfolio account serving as a 'float' which will facilitate the transition of one e-currency to another and allowing you to earn a fee for doing so. You need to create a substantial float in order to conduct such transactions at a practical level. Based upon five years of performance to date, the beta-stage of DXiO's operations enables you to achieve that with very little capital invested. (Believe it or not, you can start with $50!) In that respect, their system is certainly more egalitarian than anything else currently out there. Perhaps you'll wonder why GDT based these operations in a lesser-known tax haven like Vanuatu. Well, it seems that when the market for phone-porn became a booming industry a decade ago, many of those businesses set up shop in Vanuatu. Ultimately, the authorities there chased them away, but the aftereffect was that Vanuatu inherited a very sophisticated telecommunications infrastructure. If ever a high-volume Internet business wanted to establish itself in a tax haven with lower-than-usual start-up costs, Vanuatu became the ideal place to do it! It's prudent to remember that, if you do choose to become involved in DXiO, only commit capital that you can afford to do without, no matter what the future may hold. That should be everyone's philosophy in any new venture such as this. In more ways than one, becoming an e-Merchant for electronic currency exchange can be a capital idea. It could also make for a very interesting rest of the century. G A Sherman is an Internet marketer who only deals with proven products designed to improve the quality of life. A link to one of the most thorough DXiO training systems can be found on his website at http://longerlifegroup.com/success.html
MORE RESOURCES:
ICC WORLDWIDE ANNOUNCES SIGNIFICANT EXPANSION OF ITS ICC BLUE ... - World Stock Wire (press release)
Ecommerce - Google News |
|
|
|
RELATED ARTICLES
Chinas IT Industry to Maintain Fast Growth China's IT industry is expected to see a sales revenue of 2.68 trillion yuan (US$322. Increasing E-Commerce Website Sales: A Guide for the Online Newbie Because of this encouraging surge in activity, many individuals are now interested in becoming e-commerce merchants. To profit from your online business, you must first produce a unique website that will intrigue visitors and interest them in your items. Gooooooooooogle It! .. Getting Started in ECommerce - Part One In 2004, Enquiro.com conducted a study of the search behaviors of men vs. Beginner Ecommerce Mistakes This is a short article because in the constraints of time and space preclude me from writing a 10 page article. Recently i built a ecommerce web site titled Cynscorion Products that sells knifes. Does Your Shopping Cart Have a Squeaky Wheel? Have you ever gone grocery shopping just before a holiday? The aisles are packed with people pushing carts, shelves need restocked, all the checkout lanes have long lines.. Shopping Online: What You Should Know For some people, shopping online is as normal as driving a car. It's become part of the norm. How to Boost Conversion Rates, While Lowering Merchant Account Fees! Using an Address Verification System (AVS) when processing your online credit card transactions can help to reduce the number of fraudulent transactions you receive. However, most online merchants don't know that using AVS can also reduce your number of legitimate orders. The Five Most Commonly Encountered, Off-putting E-commerce Errors While getting less public handwringing than during holiday season, the "abandoned shopping cart problem" continues to wreak havoc on online sales. Recently I judged a raftload of sites for the Webby Awards (my second time) and for the Inc. Retirement Signature Frames - The Perfect Retirement Gift! When most people think of a retirement gift, they think of a watch. It's the tried and true gift that companies give employees to say thanks for all the years of hard work. How To Sell Your Products Online? E-commerce is gaining pace! Research firm eMarketer predicts that 2003 will see online sales reaching US $58.2 billion excluding travel. eCommerce Software Solutions All of the long, grueling nights and an unknown number of working weekends spent converting your dream into reality finally paid off-in a big way! Affiliates are signing up every single day and the clicks have really turned into cash. Your success is not limited to a lonely website but several and all of them are helping you move very diverse product lines. What You Must Know About Selling Online to Europe The European market is a multi-billion $ sector which you can not afford to ignore. If you are based within Europe, American or Canada you must be aware of the legal restrictions and requirements or face a hefty fine which could close your business. Is ClickBanks Popularity Drawing To An End? ClickBank is the Internet's most popular payment processor for online payments but with many rivals appearing on the scene is ClickBank's popularity drawing to an end?ClickBank allows website owners to accept credit and debit card payments online and then deliver the products to their customers instantly. Since August 2005, ClickBank has integrated with PayPal so that people who either do not have a credit or debit card or choose not to use their cards online, can now pay using funds from their PayPal account instead. Implications Of E-Commerce For Tax Legislation As e-commerce develops ambiguities in the current tax code in which it may be exposed. It would not be regarded as too early to take premature steps for undertaking such a review at a time when detailed international legislation are going on to promulgate acceptable standards laws for imposition taxation in this regard. Selling From Your Website Greetings!Friends and relitives ask us all the time " How do sell from your website?" and no doubt you want to know as well. Over the next two issues we will be covering this very thing! We decided to divide it into two camps - tangibles and non-tangibles. Chinas Online Shopping May Be Booming In The Next Few Years Data from China Internet Network Information Center (CNNIC) shows that till June 2004 Chinese online user has reached 87 million, of which, 7.3% has experience of online shopping. Intranet Portals - Personalisation and Customisation The key difference between an (old-fashioned) Intranet and a PortalWhat typifies a modern intranet portal is that there is a standardised user interface ("UI") with a built in system for user authentication. In other words, the user signs in to the portal rather than simply accessing it. Get Out of The Way Get out of the way and make it easy for your visitors to find what they want.Recently I completed a report for a site that was the most 'peaceful' and among the most 'useful' I had seen in a long time. Prompt Delivery Rules - Internet Product Sales The Internet is the fastest growing source of mail order sales. The explosive growth in the goods and services sold online has in the past taken many online sellers by surprise: demand has outpaced supply, depleting inventories and disappointing customers.
|
| home | site map |
| © 2006 |
