Digital currency, also known as electronic money, is only exchanged electronically. Examples include electronic funds transfer, direct deposit digital gold currency, and virtual currency. Keep reading to discover emerging trends in the world of digital currency.
By pf wilson - 29/03/2012 10:53:29
The Latest in Digital Currency: Popmoney and MoneyGram, Canadian Mint to Unveil Digital Money, and Why No Google Bucks?
As Bitcoin continues its efforts to become the first universally accepted digital currency, several other players in the digital money space are busy advancing their platforms. And one big player is taking a seat on the bench as it evaluates legal concerns and functional issues.
Popmoney
Popmoney from Fiserv, the payment service that allows the person-to-person exchange of money via mail or text message, is partnering with MoneyGram, the world’s second largest money transfer business.[1] The integration will allow customers at MoneyGram’s physical locations to send and receive money through Popmoney. Conversely, customers can also send funds via Popmoney to a physical MoneyGram location where the recipient can receive cash. Shortly after the deal was
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By PF Wilson - 01/12/2011 11:00:00
The Emergence of Digital Currency
People have been shopping and banking online for years, and more recently people have been getting paid via the Internet. With so much financially related activity online, the inception and use of digital currency was inevitable. Indeed according to Ian Swanson, founder and chief executive of Sometrics, virtual transactions have increased 61% in the past three years alone.[1]That increase in activity was part of what motivated American Express (AMEX) to purchase Sometrics, a company that assists video game manufacturers build virtual currencies and commerce into their games. AMEX hopes the $30 million acquisition will help them establish a beachhead in the world of digital currency, and hopes to move the concept into other areas. Shortly after purchasing Sometrics, AMEX filed a patent for a system
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By PF Wilson - 24/11/2011 13:34:00
Is Digital Money Safe?
The United States Postal Service recently announced that it's looking into closing more than 3500 post offices.[1] The reason? Volume continues to drop in the postal system, particularly for first-class mail. That makes sense, as more people rely on email and social media to communicate with friends and family. Banks too, are contemplating the future of retail locations as more and more consumers conduct business online. Are paper money and coins in the same danger? If so, how safe are digital currency and online payment services?
Borders Books was driven out of business, in part, because it couldn’t effectively compete with online giant Amazon.com. Online shopping continues to grow in popularity, and while many people pay with a credit card, an ever increasing number continue to
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