digital coins

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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.
References in periodicals archive ?
eMoney Advisor (eMoney), a technology solutions and services provider that helps people talk about money, has announced it has enhanced its foundational planning solutions with the addition of life insurance gap analysis, the company said.
o The pipeline will see further growth in eMoney and card services.
Solution providers who are part of the HTK Flex Vendor Program include eMoney, Envestnet MoneyGuide, Fi360, FMG Suite, Junxure, Redtail, Riskalyze, Zacks and others.
The Philippine eMoney Association (PeMA) said it also looks 'forward to a continued partnership with the BSP under the leadership of the new Governor in promoting financial inclusion as a key pillar for sustainable growth.'
Cambridge developed CLIC Advisor in conjunction with eMoney Advisor to offer advisors a fully integrated set of client- focused, digital financial services based on deep integration and bidirectional data between Cambridge's digital workstation and key features advisors seek via fintech providers plus integration with clearing firm partners.
Philippine eMoney Association (PEMA) chairman Orlando B.
By integrating capabilities from eMoney Advisorand Redtail Technology, Lincoln will continue to expand and evolve its technology platform available to fee-only advisors.
figure By JOHN WALUBENGO Should the Central Bank of Kenya issue its own digital or cryptocurrency?Additionally, the question of a sovereign country issuing its own cryptocurrency begs another question ndash what is the problem with the current physical fiat currency that would necessitate a digital version?A final begging question would be ndash aren't we creating an oxymoron by putting Central Bank and digital or crypto currency in the same sentence, especially because cryptocurrencies like bitcoin were designed from scratch to eliminate the need for intermediaries like Central Banks?The report first clarifies the differences between a digital currency and its more established entity known as electronic money or eMoney, which is a digital representation of fiat money.
FORT WASHINGTON, Pa.: Lincoln Investment announced its partnership with eMoney Advisor, a leading provider of scalable wealth management technology.
Cox said he recommends clients keep records virtually through Emoney software, which is owned by Fidelity Investments.
Firms such as eMoney, Wealth Access, Riskalyze, Advisor Engine, Oranj, and Circle Black are building elegant client portals and taking advantage of improvements in account aggregation to provide full balance-sheet views of investors' net worth.