Exact(26)
In the argot of the Net, the Times wanted to create "Internet currency".
Nonetheless, Mr. Cohen insisted the prospects for an Internet currency remained good.
"But it has a good business model and no Internet, currency or technological risk.
Second Life has its own currency, the Linden Dollar, which can be converted to U.S. dollars at several Internet currency exchange markets.
Before PayPal became a kind of Internet currency, the company was focused on the idea of beaming money between hand-held digital assistants.
Internet currency exchanges, I should say, come up with a specialized currency just for the Internet and it's one that people are looking at.
Similar(34)
For money, the leap into the virtual world seemed more hazardous, so a whole new set of Internet currencies (digital cash) was prepared to resist every conceivable attack by hackers.
The beauty is that you can send money -- real money, not one of those gimmicky Internet currencies that can be spent only at a few partners' sites -- to anyone with an e-mail address.
It's an "issue that the internet currencies will not be able to overcome easily," said Englander.
Now Internet currencies are moving out of virtual gaming systems and into the global economy, with Flattr (an electronic tipping currency), Bitcoin, Ripple, Ven and local exchange trading systems (LETS) leading the way.
On the Internet, social currency takes on new meaning.
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