Feeds

DigiCash files for protective redundancy

e-cash utopia still some way off

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

DigiCash is filing for Chapter 11 bankruptcy protection after failing to cash in on the hype surrounding electronic dosh. The company, which has been supported by a bridge loan from its venture capital investors for the last three months, is on the look out for new investors, although interim CEO Scott Loftesness warned that it would take "a fair amount more capital" to make it succeed. News of DigiCash's plight contrasted sharply with an announcement that Hewlett-Packard would start intalling WaveMeter chips inside its computers next year. According to GlobalWave, a joint venture company created by Britain's Internet Technology Group and Wave Systems of the US, the WaveMeter enables users to pay for software or digital content according to how long they use it. Users simply buy credits by accessing GlobalWave’s secure Web site. While the arguments in favour of developing an electronic transaction system capable of handling small amounts of cash affordably are compelling, it appears DigiCash’s experience shows that people simply aren’t quite ready to embrace it yet. ® Click for more stories Click for story index

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.