December 08, 2008

Happy 3653rd transacting day to WebMoney!

https://newsblog.wmtransfer.com/asp/active.asp?blogID=6#13545

WebMoney Transfer celebrates 3653 days from launching the first transacation! Our congratulations and gratitude to all WebMoney staff who work hard everyday for 10 years and are making the System live and running!

WebMoney is the surprise money system that grew up in Russia, and benefited from their financial crisis by being up and stable at just the time people really needed payments. We saw them at EFCE, and as a lesson in the predictive value of conferences, we didn't think much of them. Well, congratulations, you outlasted us :)

WebMoney also put in place an innovative arbitration system to solve stolen money problems; this was a core inspiration for the CAcert arbitration system.

Posted by iang at December 8, 2008 05:13 PM | TrackBack
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