Digital currencies

Digital currencies

Digital currencies are differentiated from electronic payment systems in two very important ways:

1. Digital currencies can be used to maintain the anonymity of the customer in an online transaction, whereas users of online payment systems are usually identifiable, at least to the service they subscribe to.

2. Digital currencies themselves can support an actual transfer of value by themselves, without linking to some third-party credit provider or financial institution for authorization to complete the transaction.

Using ecash

To get a copy of ecash software, participants filled out a request form with their name, e-mail address, and information about their systems and their intended use for each client and waited for digicash to reply with user-name and password.

The first step when first running ecash is to accept the digicash license agreement followed by entering personal information.
Using ecash once the software is set up Clients click on icons to interact with ecash.

There are 3 options:

· withdraw from ecash bank account
· deposit to ecash bank account
· withdraw from credit card