E-Currency Exchanges, A New Way For Doing Business Online

By: Deon Melchior


Nowadays business is done a different way from years ago. Almost the entire 20th century was marked the Henry Ford’s mass-production techniques. The 21st century left that behind in the favor of e-commerce.

Buying and selling on the online market is easier than anywhere in the non-cyber world. All kinds of transactions are possible at a lightning speed as they take place by using e-currency. The websites that serve as a market for buyers and sellers have all sorts of safeguards that protect everybody from identity frauds and which assure chargeback prevention and funds verification by means the real world has not.

E-currency does not exist in the non-cyber world and it is considered only a concept. But there is no prove that e-currency cannot become hard cash and the best example in this matter is the euro, the official currency in the European Union. For 20 years, euro existed as a concept used by private financial institutions that knew what its real role must be. In 1999, it officially appeared, for eliminating the exchange rates, and from 2002, euro came into existence, and it become the second most influential currency all across the globe.

E-currency is the currency used in Internet transaction. This means that the euro model can be applied for e-currency, too.

The main problem to be solved in order to make e-currency exists, it consists of the fact that there are many e-currencies and still there is no general space where they can be converted between them or into hard cash.

In this situation, a company by the name of Global Digital Transactions has tried to come up with a solution. It developed a project called DXinOne, or DXiO, where ‘DX’ refers to a unit of e-currency. This currency is called ‘DXG’ and one unit is the equivalent of one USD, when making exchanges. Many e-currencies are covered by gold deposits by the companies that issue them. In popular language, a “DXG” is spelled a “digot” (term made of ‘digit’ and ‘ingot’), like in the pronunciation of ‘dig it’.

How can you use this kind of information in your own interest? Simply, by becoming an e-merchant that handles transactions and exchanges between e-currencies. Many transactions like these are happening every day, and they become more and more numerous.

Those that handles exchanges with DXG currency, charge a fee for the operations. So this is not like a market-based investment activity. It can be said that what GDT does with DXiO is similar with what title companies do for real estate brokers or what clearing houses do for stockbrokers in the non-cyber world. DXiO does not have an equity stake in any of the transactions made. It merely accounts for them on behalf of the participants in each transaction and it charges a fee for the services provided.

If you, too, want to make money out of this system, all you have to do is to invest time and effort in studying it. Its supporters say it is a sure profit to be made.

The system is still in the beta-testing phase and then it will be open to the general public. If you are interested in making money using this currency, at that moment you will enter their organization and you will learn the secrets of the trade from the others. With the right information at hand, you will then become e-merchant, a position that will allow you to make a lot of money by charging fees for exchanging services. This is not like other businesses that make money for you from your investment. You will use your portfolio account to make the e-currency move from one customer to another, from one currency to another, while making a profit for you.

The system is claimed to be an egalitarian system. That means that you can start with very little money, even $50! Of course, you will need to make a substantial float for transactions. But the beta-stage of DXiO’s operations, which is based upon five years of performance to date, will let you make real good money with a small investment.

GDT based its operations in Vanuatu. You may have asked why hey chose such a less known tax haven instead of others. A little history may help clear things a bit. A decade ago, when phone-porn was a booming industry, many companies used Vanuatu as a tax haven. All these companies were eventually chased away by authorities, but a sophisticated telecommunications infrastructure remained in place. So Vanuatu has become the perfect tax haven for Internet based businesses that must make a high volume of transactions, while offering low start up prices.

Anyhow, this is a new venture, so it is advisable to invest in it only money that you feel you can get by without. Like any new business, there may be risks and the future is yet to be revealed.

A new position, of e-merchant, may be the best job of the next century. So using electronic currency exchange as a business can bring you a lot of cash.


Deon Melchior is the Editor and Publisher of Article Click. For more FREE articles for your ezine and websites visit - www.articleclick.com