Electronic Means
Electronic means is a term used to describe the process of transferring money and other assets electronically, such as through an online bank transfer or debit card transaction. It can also refer to any form of digital currency which is transferred over an electronic network. In this context, it usually applies to cryptocurrencies like Bitcoin, Litecoin and Etherium.
Cryptocurrencies are digital forms of money that use cryptography for security purposes in order to create secure transactions between users without having to go through a central authority or third party financial institution. The primary benefit of using cryptocurrency instead of traditional fiat currencies (like US dollars) is increased privacy since there are no physical bills involved and all transactions occur securely on a decentralized blockchain network with strong encryption protocols in place. Transactions are also extremely fast compared to more traditional methods because there is no need for banks or intermediaries who must approve each transfer before it goes through – the system works independently from outside forces making it much faster than its counterparts. Additionally, many cryptocurrencies have low transaction fees associated with them making them ideal for sending small amounts internationally without being charged extra by banks/intermediaries.
Cryptocurrency exchange platforms exist so that people can buy/sell their chosen cryptocurrency quickly and easily as well as track prices movements in real time – they provide access to global markets where you can buy different types coins at market rates 24 hours per day 7 days per week 365 days per year! They allow traders & investors alike quick access into crypto trading while providing the necessary tools & data needed when making decisions about investments within these networks including charting software & analytics programs designed specifically for tracking price trends across multiple exchanges simultaneously allowing one’s portfolio holdings stay up-to-date at all times!
