Digital currency impossible to reverse a transaction, justified or not. It is very similar to cash. Advantages of this system include it being cheaper to operate, and transactions are instantaneous. Western Union, KlickEx and Bitcoin are examples of this type of currency. Soft electronic currencies are the opposite of hard electronic currencies. Payments can be reversed. Usually, when a payment is reversed there is a "clearing time." This can take 72 hours or more. Examples of soft currencies are PayPal and any type of credit card. A hard currency can be "softened" with a third party service. Many existing digital currencies have
Currency War of 2009–11 the European Central Bank (ECB) did practice some QE in 2009, this was to a much lower extent than the US or UK, and they did not deploy a second round. The value of the Euro has been effectively left to float, and in fact early in 2010 central authorities intervened to defend the Euro’s value against the market. Following the generally positive results from bank stress testing that were released in summer, market participants stopped speculating against the Euro, and the currency has tended to rise as a result of other countries practicing competitive devaluation. A major driver for