WebMoney: Online Payment Service Attracts Attention of Law Enforcement

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WebMoney: Online Payment Service Attracts Attention of Law Enforcement

01-04-2006, 11:48 AM,

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mandy Offline

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WebMoney: Online Payment Service Attracts Attention of Law Enforcement

Quote:The ability to make anonymous money transfers is just one of the services attracting law-enforcement agencies' attention

In the busy world of digital currencies, e-gold Ltd. has a controversial rival in Moscow called WebMoney. The Russian Internet currency company claims more than a million users in 37 countries (but mostly in Russia and Ukraine)...

Like e-gold, WebMoney enables users to conduct transactions without a bank acting as an intermediary. Customers of the Russian outfit exchange ordinary money for units of WebMoney, which they can swiftly transfer to anyone else with an account on the system. ...WebMoney also allows users to make transactions worth up to 150 euros without using their real names...

full article: http://www.businessweek.com/magazine/con...966104.htm

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