Search the Web for e-money. Find ten different forms of e-currency (e-cash, beenz, etc.). How do these systems differ? List each of the ten forms of currency and include a description. Rank each one against the others. Which do you think is the best form of online currency and why?
What will be an ideal response?
There are many different types of online currency. Digital cash can come in the form of pure currency drawn from
a bank account, rewards based on purchases and loyalty to a merchant, contest winnings that can be used to make purchases
on the Web, etc.
The following are ten examples of online currency
1. flooz - A gift currency available for use all over the Web.
2. beenz - A points based currency system. beenz can be used to buy things or receive discounts
depending on the number of beenz collected.
3. Cybercash - A provider of payment verification systems. The system allows business to receive
secure electronic payment over the Web.
4. eCash - A secure currency used within the eCash payment software.
5. e-gold - Electronic currency that is tied to gold rather than paper money.
6. PayPal - This is a currency system used for B2B, B2C and C2C transactions. It is a secure form of
electronic currency.
7. Netcheque - An electronic checking account which allows you to send and receive checks over
the Web.
8. eCoin - eCoin is a currency accepted in micropayments.
9. Ching! - An online payment solution that allows companies to accept payment over the Web.
10. Digicash - One of the first forms of digital currency. The company has since filed for bank-
ruptcy.
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