Sony to launch e-money scheme

Sony is hoping to become a key e-commerce player when it launches a digital currency scheme next year. According to reports in Japanese business paper Nikkei, Sony's e-money programme will operate through its Internet service, So-Net. Buyers would make payments using a smartcard, swiping the card through a reader connected to their PC to make the transaction. Users would pay Sony to top up their cards with e-money. In that respect, the service resembles the recently launched Magex digital currency, though Magex uses wallet software stored on a PC's hard disk rather than a separate smartcard. The scheme will be tested in public during summer 2000, said Nikkei, with the full roll-out following later in the year. ®