- Internet currency
Internet currency was a form of
electronic money for theInternet . Most sites offering the currency have either been shut down or acquired.cite news |first=Janet |last=Kornblum |title=You Flooz, you may lose |url=http://www.usatoday.com/tech/news/2001-08-22-ebrief.htm |publisher=USA Today |date=August 22, 2001 |accessdate=2008-01-02 ]History
The idea of Internet currency could possibly date back to
1995 , when the first major website that used Internet trade was opened,eBay . The idea of trade over the Internet slowly got more popular, and more websites began opening stores over the Web. Soon, many people had began wanting to have an Internet "dollar". [cite news |first=Matthew |last=Yeomans |authorlink= |coauthors= |title=The quest for a global e-currency |url=http://www.cnn.com/TECH/computing/9909/28/global.e.currency.idg/index.html |work= |publisher=CNN |date=September 28, 1999 |accessdate=2008-01-02 ]2001 shutdown
Two of the corporations providing Internet currency,
Flooz.com andbeenz.com , were shut down in August 2001. Flooz gave customers only four days to spend all of their money. If the money was not spent, the remaining money was rendered useless as the companies had shut down, thus transactions could not be processed. Many users of the currency lost money, and some complained to the site, and, specifically, toWhoopi Goldberg , who had been the spokesperson for Flooz.com.2008
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References
Wikimedia Foundation. 2010.
