digital money


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Related to digital money: Digital currency

digital money

Money stored and transferred in digital form. In the early days of the Internet, people were reluctant to use their credit cards online, and several payment systems were devised using a form of digital travelers checks (see digital coins and digital wallet).

After all was said and done, the traditional credit card systems became the primary form of online money transfer. Web browsers and Web servers support the SSL/TLS security protocols that encrypt connections between the user and the online merchant (see SSL). See Web payments service and mobile payments service.
References in periodicals archive ?
Uphold is the creator of a digital money platform that allows users to access traditional currencies, cryptocurrencies and other investments all in one place.
If you're selling online or elsewhere out of store, you may already take digital money in the form of card on file, pre-authorized credit, debit, stored value (QR codes), pre-purchased or money transfers.
With an online presence in more than 40 countries, Western Union is one of the largest digital money transfer operators in the world.
Bitcoin is a form of digital money that bypasses banks.
MANILA, Philippines London-based digital money transfer service provider WorldRemit has picked the Philippines for its new regional center in its bid to drive its next phase of growth.
The burgeoning digital money transfer business, formed by Dr Ismail Ahmed, a UK-based entrepreneur from Somaliland, has joined forces with Arsenal to accelerate the company's growth and help more people save money on international transfers.
Adarsh Credit through its 100 percent digital business is providing financial services in the rural masses and promoting the usage of digital money.
Enhancements include the recently launched QuickRemit, a digital money transfer service that will enable customers to remit funds to India in 60 seconds at zero processing fees; the ability to instantly open a current account online across 11 currencies; management of credit card activities including blocking, activating and unblocking; and a Cash on Call facility enabling customers to transfer up to 80 per cent of their card's available limit to their bank account.
Palmer, the creator of Dogecoin, was an early fan of cryptocurrency, a form of encrypted digital money that is traded from person to person.
Ayala-led Bank of the Philippine Islands has teamed up with leading digital money transfer service WorldRemit to offer a new internet- and app-based remittance service to overseas Filipinos.
It shows that China is seriously exploring the technical, logistical, and economic challenges involved in deploying digital money, something that could ultimately have broad implications for its economy and for the global financial system.
With the introduction and spread of digital money means in the UAE, the Central Bank is facilitating a robust adoption of digital payments across the country in a secure manner.

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