Electronic-currency

Just in the last quarter of 1999, dozens of business-to-business e-commerce sites have popped up, and most are experiencing swift activity on their sites. Practices like bartering, trading, and exchanging, which are now taking place at these new sites, have been embraced by buyer and sellers in the automotive, construction, advertising and media, printing, and retail markets. Experts say these practices are going over well because they help users to increase sales and market share, decrease cash expenditures, reduce surplus inventory, take advantage of underutilized capacity, and increase cash flow.

Bitpass is a prepaid account that allows you to purchase digital content and services in a couple of clicks. It was founded in December, 2002 and partnered with major technology and financial services companies such as Microsoft, PayPal, the Royal Bank of Scotland and First Data.

Bitpass provides an innovative commerce, loyalty, promotions and commerce that bundles authentication, payment and access control. Bitpass enables a la carte- and subscription-based purchases at any price point. Their products are designed to be easiest way to promote and sell digital content, required very little time or technical expertise to get started. For the content buyer, Bitpass worked like a pre-paid telephone card. The buyer just needs to sign up for the service and put money into an account using a credit card or PayPal. This stored-value amount could be used to purchase digital content or service.

On January 19th, 2007 Bitpass announced that they were shutting down, and operations officially closed on Junuary 26th, 2007.