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A trial form of electronic funds transfer over the Internet (and soon by electronic mail).

The ecash software stores digital money, signed by a bank, on the user's local computer. The user can spend the digital money at any shop accepting ecash, without the trouble of having to open an account there first, or having to transmit credit card numbers. The shop just has to accept the money, and deposit it at the bank. The security is provided by a public-key digital signature.

There process involves the issuing banks who exchange real money for ecash, users who have and spend ecash, shops who accept ecash payments, and clearing banks who clear payments received by shops.

At the moment, all users and shops must have an account at DigiCash's own bank, the "First Digital Bank" at They can withdraw money from the bank, and convert it to ecash. Shops can be started by any ecash user.
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The entire subsidy management between government, SHGs and manufacturer will be seamlessly done by YES BANKs digital cash management solution.
Since cryptocurrency is a kind of digital cash system without a central entity (decentralized that is) its supply and value are controlled by the acts of their users as well as the protocols based on advanced mathematics and computer engineering principles that render them virtually impossible to break.
The deadline to collect this digital cash is this Sunday, and one-quarter of a bitcoin is still worth more than $2,000 at today's prices, so several volunteers are pitching in right now.
While every other attempt to create a digital cash system didn't attract a critical mass of users, Bitcoin had something that provoked enthusiasm and fascination.
Global Banking News-January 30, 2018--eCurrency and Rizal Commercial Banking launch digital cash in the Philippines
BANKING AND CREDIT NEWS-January 29, 2018-eCurrency, Rizal Commercial Banking partner to launch digital cash in the Philippines
M2 EQUITYBITES-January 29, 2018-eCurrency, Rizal Commercial Banking partner to launch digital cash in the Philippines
SureTraxx Cash Management Systems has revolutionized the cash handling industry with digital cash management programs and tools for retailers, banks, and armored carriers.
And Bitcoin first gained public notice because of its use as anonymous digital cash on black-market websites like the Silk Road.
However, there are still hurdles to overcome before more widespread adoption of digital cash plays out, with 68 per cent worrying about the security of contactless, and 58 per cent of consumers being concerned they will be charged the wrong amount when using it.
For this reason, Swiss banking giant UBS is leading a consortium of six banks trying to create its own digital cash equivalent of each of the major currencies backed by central banks.
Taurus Coin is a type of digital cash that you can use to make your payment or any money transaction whenever and wherever you travel.

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