Credit cards trump e-currencies

According to a writer for CNET News, the long-awaited success of digital currencies may never happen. The reason is that credit card companies, though not known as innovators in e-commerce, have proven themselves capable of taking over niche markets pioneered by the Web's vanguard. In some cases, they have even beat the newcomers to market with Net strategies such as "disposable" or "one-time" credit card numbers. With superior capitalization and experienced staffs, the old economy players are methodically outplaying dotcoms, though some startups maintain hope that they can establish markets outside of the US where credit cards have not yet become ubiquitous.

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