Why E-Cash Isn't a Common Currency

Companies flogging online payments suffer from competing platforms, limited acceptance, and cybershoppers' heavy reliance on credit cards

It's payday, and a week's salary has been directly deposited in your bank account. So you log onto your bank's Web site, pay your rent and your credit-card balance, plus the phone and cable-TV bills. Your realize your nephew's birthday is coming up, so you e-mail him some Flooz online currency that could be spent at more than 70 online stores. Now your paycheck is spent, and you never even touched a single greenback, nor signed a single check.

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