Task 3. Read the text “International Electronic Cash” and translate it.

Date: 2015-10-07; view: 375.

Task 4. Find answers to the following questions in the text and write them down:

1. What are the ways to predict the potential success or failure of emerging technologies?

2. What will happen if the financial institutions and communities don't support e-cash?

3. What organisations are actively pursuing the use of e-cash on the Internet?

4. When can e-cash become a standard technology?

INTERNATIONAL ELECTRONIC CASH

There exist to ways to predict the potential success or failure of emerging technologies: 1) to look at the organisations, which are pushing the use of such technologies and 2) to evaluate the worldwide acceptance of such technologies. Those ways certainly hold true for electronic commerce cash. If big financial institutions don't support e-cash, it probably won't succeed. And, if the worldwide financial community does not support e-cash, its acceptance and use in the United States only may not be enough to define it as a truly standard technology.

With those issues in mind, it seems that e-cash will someday become a standard technology. Currently, organisations such as Citibank, MasterCard International and Deutsche Bank (in Germany) are actively pursuing the use of e-cash on the Internet. Those organisations are definitely big and they have a tremendous worldwide presence and influence. With support from those organisations, e-cash does indeed seem destined to become a standard technology.