What is DigiCash?
With DigiCash, users must download monetary value from the DigiCash server, which will obtain the funds from a bank via secure Internet or private network connection. The downloaded monetary value is stored in the user’s hard drive in the form of an electronic wallet, ready to be accessed to pay for online purchases. The Mark Twain Bank licensed the DigiCash approach and has a pilot test in operation. What is the U.S. government’s position on Electronic Commerce? The Clinton administration has developed a draft policy for Global Electronic Commerce. The Clinton administration firmly believes that all parties can gain from a non-regulatory, market-oriented approach to electronic commerce. The Government would like to take advantage of this historic opportunity and contribute to the growth of electronic commerce worldwide. Major policy recommendations include: Establishing cyberspace as a duty-free zone, Creating a “Uniform Commercial Code” for cyberspace, Protecting intellectual propert
