How profitable is the Internet e-currency exchanging business?

There are two kinds of currency exchanging businesses today on the Internet. The most widely known is the Forex market where you can trade one world currency for another. The less widely known is the e-currency exchange market, where some companies and individuals make money by exchanging one e-currency for another.

Notice the difference. On the Forex market people make money speculating on the future price of currencies like Euros and Dollars. On the e-currencies exchanging business people make money directly when they exchange the e-currencies. Based on this fact it can be said that Forex is more risky but also more profitable than e-currency exchanges.

We will refer on this article to the e-currency exchanging business alone. Let’s start by describing what e-currencies are. There are many different kinds of e-currencies today on the Internet. Some of the most widely known include www.paypal.com, www.e-gold.com, www.e-bullion.com and www.netpay.tv.

So, how does his market works? Simple. Let’s say that you have e-gold and you want e-bullion. You visit the website of an online exchanger and request to exchange the funds. The exchanger keeps a...