Looks like Millicent is DOA...
About 84 percent of the transactions were for less than 25 cents, and 73 percent were for less than 5 cents. The median transaction was for 2 cents, but, thanks to a few people who spent a few dollars at a time, the mean average was 30 cents. "This trial showed there is a market for very small transactions," Jones said, noting that for most other products, such as CyberCash's CyberCoin, minimum transaction amounts are for 25 cents or more. ..."
I'd like to sincerely thank Compaq/DEC for further validating the micro-transaction market.
"...The reason for all the trouble, said industry analyst Vernon Keenan. of Keenan Vision, is that consumers aren't disposed to downloading the necessary wallet software to take part..."
Aha! Embassy doesn't require a software download...
"Digital cash is dead as a doornail," he declared. "This is a crypto-technology that will continue to sit on the shelf until smart cards [which electronically store money and can be swiped into PCs and other devices] become pervasive."
Or until the Embassy chip arrives...
Full article:
news.com
BTW, I emailed Vern a few questions concerning his knowledge of Embassy or lack thereof. If/when I get a response, I'll share...
Happy Holidays!
---Slate |
