Earthsoft Foundation of Guidance26thApril 2013Project idea – e_currencyWe use electronic media / internet / wi-fi for most...
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Idea about e currency


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"Earthsoft Foundation of Guidance (EFG) is working as an NGO/NPO for students - Education & Career
guidance and for Professionals for soft skills enhancements. We are working speading , sharing
knowledge; experience globally.It has uploaded important presentations at
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Be mentor using your education, knowledge & experience to contribute for a social cause & do conduct
free training/ workshop seeking help of existing platforms
Kindly spread to your friends.Thank you!
- Earthsoft Foundation of Guidance
Let us make earth little softer..

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Idea about e currency

  1. 1. Earthsoft Foundation of Guidance26thApril 2013Project idea – e_currencyWe use electronic media / internet / wi-fi for most of the transactions however there are limitations.E.g. we can not transfer physical goods using internet though we can instruct to transfer. There is alimitation that we can transfer money in physical form from Person A to person B, though we caninstruct using internet banking and other methods.Here is an idea which will help to transfer money in various currency form as an attachment from personA to person B..let us see how.1. We will have branches in every town, suborns of cities where user can buy e_currency bymaking payment.2. Branch will issue e_currency in one of the following optionsa. Electronic Files of Coupons in various amountb. Card which can be loaded with equivalent credit3. User now can use the label or card while making any transactions using internet. One can enterthe said coupon no or attach currency file to the transaction. User even can attach the file inemail and send it to other person. (once it is used or send to other person, its value remainswith the bearer. File or coupon physically is vanished from the device (laptop, smart phone, etc).4. This overcomes following limitationsa. Current mail transfer of money where control remains with the banks only.b. One can remit the money quickly and as much and whenever requiredc. One can use it for direct transferd. Debit card does not allow to attach the required sum in email5. Branches would only charge 0.2% on the transactions6. This is a life changing idea & author reserve the right to implement the same. Following are thesteps