Digital cash

Digital cash/electronic cash/electronic payment

1. Digital Cash / Electronic Cash / Electronic Payment Presentation By Miss. Urwi Keche LL.M IIIrd Sem Dr. Panjabrao Deshmukh College of Law, Amravati

2. David Chaum Digital cash was invented by David Chaum in 1988. in 1990 he founded Digicash , a pioneering firm in the area, but attracted only $160k US dollar in two years, declared bankruptcy in 1998, and was bought by eCash Technologies . Now eCash is having its own troubles and has been bought by another company Called Info Space.

3. What is Digital Cash? Definition Examples 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.  e-coins, E-wallet, transfer money

4. Withdrawal – Alice transfers some of her money from her bank account to her wallet through smart card or PC Payment – Alice transfers her money from her wallet to Bob’s Deposit – Bob transfer the money to his bank account Transaction procedure

5. Real life Example

6. Ideal Properties of a Digital Cash System Secure Anonymous Portable Two-way Off-line capable Wide acceptability User friendly

7. THANK YOU