Digital cash Is a system that allows a person to pay for goods by transmitting a number from one computer to another.
Digital cash is a system that allows a person to pay for goods or services by transmitting a number from one computer to another. ... You transfer the certificate to the vendor to pay for a product or service, and the vendor deposits the cash number in any participating bank or retransmits it to another vendor.
Digital cash is a system of purchasing cash credits in relatively small amounts, storing the credits in your computer, and then spending them when making electronic purchases over the Internet. ... Digital cash can also be stored on an electronically sensitive card.
The figure shows the basic operation. User A obtains digital cash "coins" from her bank (and the bank deducts a corresponding amount from her account). ... B receives e-cash during a transaction and see that it has been authorized by a bank. They can then pay the cash into their account at the bank.
Digital cash is a system of purchasing cash credits in relatively small amounts, storing the credits in your computer, and then spending them when making electronic purchases over the Internet. Theoretically, digital cash could be spent in very small increments, such as tenths of a cent (U.S.) or less.