Saturday, January 15, 2011

digital cash

A system that allows a person to pay for goe digital cash numbers are unique. Each one is issued by a bank and represents a specified sum of real money. One of the key features of digital cash is that, like real cash, it is anonymous and reusable. That is, when a digital cash amount is sent from a buyer to a vendor, there is no way to obtods or services by transmitting a number from one computer to another. Like the serial numbers on real dollar bills, thain information about the buyer. This is one of the key differences between digital cash and credit card systems. Another key difference is that a digital cash certificate can be reusense.

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