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What is Digital Cash or Electronic Money?

Autor admin | 21.10.2009 | Category Digital Cash News, Linden Dollars - L$

Electronic money (also known as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are examples of electronic money. Also, it is a collective term for financial cryptography and technologies enabling it.

While electronic money has been an interesting problem for cryptography (see for example the work of David Chaum and Markus Jakobsson), to date, use of digital cash has been relatively low-scale. One rare success has been Hong Kong’s Octopus card system, which started as a transit payment system and has grown into a widely used electronic cash system. Singapore also has an electronic money implementation for its public transportation system (commuter trains, bus, etc), which is very similar to Hong Kong’s Octopus card and based on the same type of card (FeliCa). There is also one implementation in the Netherlands, known as Chipknip.

Source: WikiPedia.org

Second Life Tutorial: Beginner Guide-Create Account & Get Started in Second Life

Autor admin | 21.10.2009 | Category Announcements

BASICS: Shopping – Second Life Video Tutorial

Autor admin | 19.10.2009 | Category Shopping Tutorial, Videos and Music

Earn Second Life Cash (Lindens)

Autor admin | 19.10.2009 | Category Linden Dollars - L$

Click here to get started earning your no obligation Linden Dollars.

Free Digital Cash Is Launched!

Autor admin | 18.10.2009 | Category Announcements

Recognizing a need for individuals in Second Life to relatively effortlessly earn some linden to satisfy your in-world shopping needs, we have decided to launch FreeDigitalCash.com

If you’d like to learn about us, please visit the About FreeDigitalCash.Com section.