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Electronic_Currency_Exchange_-_Its_Time_Is_Now
| Electronic Currency Exchange - Its Time Is Now
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.
About the author:
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
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