http://www.wired.com/news/print/0,1294,44507,00.html Digging Those Digicash Blues By Declan McCullagh 2:00 a.m. June 14, 2001 PDT The article is primarily about bearer monies, but in passing it SLAGS e-gold (the ultimate e-gold insult -- mentioned with beenz!) and somewhat puffs-up (lol) paypal. My guess -- paypal just pays-off hotwired! :) >Offbeat schemes like beenz, flooz, e-gold and Idollars are busily minting >their own virtual currencies, although none has found a wildly profitable >market niche. > >PayPal, probably the most popular system of the sort, is trying to lure >Internet shoppers away from credit cards with surprising luck so far: The >company has raised $225 million in financing and claims to have 8 million >customers. > >Since online sales account for a mere 2 percent of all credit card >transactions, Visa and Mastercard have been slow to respond to PayPal's >threat. > >An additional incentive is PayPal's relatively low 2.2 percent transaction >fee plus 30 cents. Visa, by contrast, charges up to approximately 2.5 >percent in transaction fees. And because of the possibility of fraud, a Visa >transaction does not complete -- meaning the seller doesn't get paid -- for >up to 90 days. ----------------------------------------------------------- "Great ventures create great mottos." --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
