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digital money

   Also found in: Encyclopedia, Wikipedia 0.09 sec.

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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Tokyo, Japan, Oct 5, 2006 - (JCN) - WebMoney Corporation announced that it has filed patent applications for its digital money in five countries including Japan, Singapore, Korea, Taiwan and the United States over the past year.
Fitzpatrick demonstrated Pacific Telesis' new Personal Communication Service digital phone, which is two-thirds the size of a conventional cellular phone and can be used as a pager or to send encrypted data to ``smart cards,'' which are expected to come into use as a medium for digital money.
Next Big Thing, page 26: Digital money is changing at a rapid pace, allowing consumers from South Korea to Spain to trash their credit cards.
 
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