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digital money
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digital money

Electronic currency designed to facilitate electronic commerce transactions. There are many different proprietary varieties of digital money competing for adoption as the principal online currency. These include beenz, ecash, and Mondex.
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bitWallet, based in Tokyo, is an electronic money service provider that started Edy from November 2001.
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The technology offers electronic money service, dubbed Edy (euro, dollar, yen), which enables shopping at some convenience stores and vending machines without a wallet; consumers simply slide the phone over an IC chip reader to pay.
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Specializing in electronic money transfer services and merchant payments via the Internet, iKobo is somewhat of a virtual Western Union.
Virtual money chain: company changes the rules of wire transfers ... by Holmes, Tamara E. / Black Enterprise
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