Electronic currency also known as electronic money which refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, internet and digital stored value system
Beenz.com was a web site that allowed consumers to earn beenz, a type of online currency, for performing activities such as visiting a Web site, shopping online, or logging on through an Internet service provider. The beenz e-currency could then be spent online with participating Web merchants around the world. Beenz.com, originally founded in 1998, will close offices in Europe and Asia, but will keep its New York offices open in order to manage the sale of its assets.At the height of its operations in 2000, Beenz employed 265 in offices worldwide.
There are some hints over beenz will not stay long as two of the company's top executives - CEO Charles Cohen and president Don Maguire quit their post and joint venture operations in Japan, China, Korea and Italy were shuttered.
When beenz is closing down, the company is giving its customers a 10-day notice. The Beenz.com home page says that any beenz remaining in a member's account after 12:01 am (EST) on August 26th will be invalidated and the member will not be entitled to any compensation of the invalidated beenz.
2 comments:
Other than beenz, is it still have others electronic currency system?
Yes, there are others electronic currency system like Firstgate's Click and Buy , PayLoadz, Paystone Techonologies and Peppercoin which are still in operation.
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