... the users. * Mobility: payment system should not be tight up with specific hardware platform or specific vendor/merchant and can be use anywhere. Virtual Payment Options: Electronic Cash: With electronic currency system, each users maintains a e-cash account with e-cash member financial institution. Funding are converts into 'digital coins' by generating digital packets using digital cash algorithm. Digital coins will then be store into 'digital wallet' on the user's workstation, which equipped with supporting software that acts like an 'ATM machine' to transfer funding from e-cash account to the digital wallet in the form of digital coins. Coins can be deducted from the wallet when purchasing at e-cash compliant sites, and can also be transferred directly between e-cash users. Each coin is set-up to be used only once, which is regulated a unique serial number added to each coin. When the e-cash holder redeems their coins to covert into real-world cash, the coins are ...

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