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digital cash

See digital coins.

digital coins

An earlier form of electronic travelers check. Called "e-money" and "e-cash," the concept is that digital coins are downloaded from a participating bank into the user's computer, or an account is set up within the bank. Either the coins or the transactions that debit the account are transmitted to the merchant for payment, and all transactions are encrypted.

Many believed that digital coins would fuel a new online information industry that would allow customers to pay in smaller increments, such as five cents a lookup or 10 cents per download; even a fraction of a cent for more trivial transactions. However, the digital coin concept never took off. See First Virtual, Open Market and smart card.

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Digital Cable Readydigital CD audio
digital cable TVdigital cellphone
digital camcorderdigital certificate
digital cameradigital channel
digital camera carddigital cinema
digital camera featuresdigital circuit
digital camera filmdigital coax
digital camera quality modesdigital coins
digital camera record modesdigital commerce
digital camera storagedigital communications

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