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Published in:
2014 | OriginalPaper | Chapter
WebMoney Transfer
Author : P. Carl Mullan
Published in: The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations
Publisher: Palgrave Macmillan US
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WebMoney Transfer started in 1998. The digital currency payment system is now the largest and most successful digital currency in the world. The Russian company’s payment platform includes a P-2-P credit purse, global payment solutions, merchant services, local payment products, online billing, and direct integration with other global financial service providers. Unlike e-gold, WebMoney creates targeted products for specific users. Because of the MSB rule and the prepaid access rule, WebMoney is no longer available to the US market.