Friday, December 17, 2010

Digital cash

Digital cash-Electronic money (also known as e-currency, e-money, electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically.Also, a system that allows a person to pay for goods or services by transmitting a number from one computer to another. Like the serial numbers on real dollar bills, the digital cash numbers are unique. Each one is issued by a bank and represents a specified sum of real money.
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1 comment:

  1. Mark HerpelDecember 18, 2010 at 9:33 AM

    http://www.dgcmagazine.com/index.php/past-issues/2011-digital-gold-currency-magazine-special-industry-issue

    This special issue document takes an informal look at non-bank digital currency payment systems, online value transfer software and digital precious metals (DGC). Focus is placed on the evolution of these systems over the past decade along with the developments of new models including software, products and regulations.

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