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News Link • Economy - International

Revolution in Money?

• arclein
For all the promise of new currencies and transaction systems, there is a long trail of failed efforts. In 1998, a virtual currency called Beenz was introduced. Customers earned Beenz when they visited certain websites and shopped at certain online stores. It had the backing of investors like Lawrence Ellison, the chief executive of Oracle. But for all its promise, it went bust by 2001.

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