Word: digicash
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Admittedly, the Internet is littered with failed micropayment companies. If you remember Flooz, Beenz, CyberCash, Bitpass, Peppercoin and DigiCash, it's probably because you lost money investing in them. Many tracts and blog entries have been written about how the concept can't work because of bad tech or mental transaction costs...
...commerce research firm Jupiter Communications. "It's just not economical for online merchants to sell things that cost less than $10 or $20." Early attempts to create a practical alternative to credit cards for conducting financial transactions online have been slow to gain consumer confidence. One such initiative, DigiCash, filed for bankruptcy in 1998, and others have just given...
Those that don't will be casualties. McColl (who gives crystal hand grenades to prized employees) understood early on that one day banking was going to be like war. Call it semper finance. Says David Chaum, the visionary guru behind DigiCash, a Net-based currency: "What you find in retail banking today is that some banks see themselves as acquirers, and others see themselves as, well, acquirees." On the day the Travelers deal was announced--creating a giant with $42 billion in equity--vice presidents at still independent Goldman Sachs nervously fingered their E-mail with questions about when...
...fact, in the eyes of some digital-cash Pollyannas, one of the great things about traceable, bit-based cash is that it will do away with whole categories of cash-based crime. "Paper money is, I hate to say it, the root of all evil," says DigiCash founder Chaum, who argues that the traceability of electronic cash will mean the end of some types of crime. "What kidnapper would take a ransom payment by check? Once you build the infrastructure for electronic cash, the incremental cost of replacing paper money is small. And the social benefits could be amazing...
| 1 |