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  • Payment freedom – It is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Ecoins allow users to be in full control of their money.  The payment system is the the peer to peer network so if the network is running (and operating peer to peer networks are always running), the payment will be promptly processed.  Once you send an ecoin, the peer to peer network needs to confirm the validity of the payment.  This can take some time.  You can usually pay a premium processing fee to receive priority processing, which results in faster confirmation of transactions by the network
  • Very low fees – Ecoin payments are currently processed with either no fees or extremely small fees.  Additionally, merchant processors exist to assist merchants in processing transactions, converting ecoin to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on ecoin, they can be offered for much lower fees than private payment processing networks like with PayPal or credit card networks.
  • Fewer risks for merchants and privacy for the customer – Ecoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs. Also the transaction does not inherently include the customer’s name, location or other clearly idenifying information.  While the transaction is generally traceable, it is significantly more anonymous than traditional online payment options like credit cards.
  • Security and control – Ecoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Ecoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Ecoin users can also protect their money with backup and encryption.
  • Transparent and neutral – All information concerning the ecoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the ecoin protocol because it is cryptographically secure. This allows the core of ecoin to be trusted for being completely neutral, transparent and predictable.

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