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digital money
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Money stored and transferred in digital form. In the early days of the Internet, people were reluctant to use their credit cards online, and several payment systems were devised using a form of digital travelers checks (see digital coins and digital wallet).

After all was said and done, the traditional credit card systems became the primary form of online money transfer. Web browsers and Web servers support the Secure Sockets Layer (SSL) protocol, which provides an encrypted connection between the user and the online merchant (see SSL). See Web payment service.



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