Feeds

DigiCash files for protective redundancy

e-cash utopia still some way off

  • alert
  • submit to reddit

The essential guide to IT transformation

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

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?