Digital currency founded DigiCash, an electronic cash company, in Amsterdam to commercialize the ideas in his research. It filed for bankruptcy in 1998. In 1999, Chaum left the company. In 1997, Coca-Cola offered buying from vending machines using mobile payments. After that PayPal emerged in 1998. Other systems followed suit, such as e-gold, but it faced issues because it was used by criminals and was closed by U.S Department of Justice in 2005. In 2008, bitcoin was introduced, which marked the start of digital currencies. Origins of digital currencies date back to the 1990s Dot-com bubble. One of the first was E-gold,
Digital currency Address (a unique ID provided by the bank), Account Number with IFS Code, Mobile Number with MMID (Mobile Money Identifier), Aadhaar Number, or a one-time use Virtual ID. An UPI-PIN (UPI Personal Identification number that one creates on the UPI app of the bank) is required to confirm each payment. Russia Government-controlled Sberbank of Russia owns Yandex.Money – electronic payment service and digital currency of the same name. Russia’s President Vladimir Putin has signed off on regulation of ICOs and cryptocurrency mining by July 2018. South Korea South Korea plans national digital currency using a Blockchain. The chairman of South