Clearing up the Confusion Concerning the Crypto Currency: Click here.

 This is not a very long article. The real truth is our world and the financial system offers electronic methods of payment by credit card online or in person or by debit card.   The issue is that the method of payment must ultimately be settled in cash  or by electronic transfers and that involves real currency. The phenomenon of living your life with electronic payments and never touching cash again is tremendous but in the end, there is real currency backing the electronic payments.    

A bit coin or a crypto currency are unique concepts that make one think of a credit card maybe or an electronic wallet card that functions like a credit card and bank account debit card.  Again, either phenomenon involves electronic currency or cash payment with transfers into a bank account or the card account from some source that might be your own account at another bank.  I repeat: A bit coin or a crypto currency are unique concepts that make one think of a credit card maybe or an electronic wallet card that functions like a credit card and bank account debit card.  Again, either phenomenon involves electronic currency or cash payment with transfers into a bank account or the card account from some source that might be your own account at another bank.  The problem at the moment is the excitement about a currency called a bit coin or a crypto currency. It is not a currency unless you can cash or convert it at a bank. Loading money on to an electronic payment card is what might be happening in the current excitement but you are not buying a currency. its not a convertible currency in that you could say there is an exchange rate for bit coin vs. the US Dollar. Even if we could say the  currency never takes the form of cash, what is a bit coin and can I ever show up at a bank and say, "I would like to sell 10 bit coin for US dollars  or EU dollars and what is the rate?" If you cannot ask a bank that question, then you do not have a currency. Currencies usually represent a country's economy and are backed by a national government and their economy.   It could be possible that every country sets up their own electronic bit coin or crypto currency but what is the point if......if you can load your current existing national  currency from your bank account on to your credit card or your Barclays Card/Electronic Wallet Bank Card that is not a credit card in the usual sense but it allows you to shop online and buy your Stuckbucks Coffee with the same Credit Card sophistication but without the indentured servitude debt.  This is something to think about.  You could also load your bank card with cash from any country.  You bring the foreign cash and deposit it with some foreign currency exchange involved.  We would like to see that your Electronic Wallet Card can be loaded any where in the world while on vacation since what if you need the card to rent a scooter but you cannot get a secure internet signal to access online banking and make a transfer to your Electronic Wallet Card from your bank account ; online?  You should be able to load the card at some merchant that might also process Western Union payments.   The Verica Favour Card concept allows for reloading of the card at global merchants such as Boots, Tesco, ESSO /Exxon/ BP or any gas station.   See www.theangelronanissue.wordpress.com for more. By Saul Sans Souci.