Just as the internet has enabled the rise of e-commerce, it has also led to the emergence of e-money - currencies that only exists in digital form. Advocates say these promise to revolutionise the global money supply, but critics insist they are a magnet for crooks.
Virtual currencies such as bitcoin, e-gold and liberty reserve, allows businesses and individuals to transfer funds across the globe without banks or governments charging fees………………………………………..Full Article: Source