paycash payment system got $10 mln

[Victor Dostov]

Hi, Bob

maybe you find it interesting and/or worth posting 8)

Victor.


December 7 Russian "Airspace Technology" corporation announced starting of
$10mln investment in PayCash payment system. PayCash is a
Russian project, developing David Chaum "digital cash" payment technology.
PayCash owns
3 patents on technologies used in system and has offices around exUSSR
(www.paycash.ru) and
in Boston (www.cyphermint.com).

Airspace Technology corporation was founded in November, 1998 by Resolution
of Government of Russian Federation Federal Program of Restructurisation and
Conversion of Defense Industry. Corporation includes 24 enterprises, which
are the largest producers and creators of aircraft instruments and systems
for aircraft industry.

Corporation considers Paycash as a possibility to enter new market and its
plans are
considerably wider than only financial support of the project.

Victor Dostov
vd at mailbox.alkor.ru

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