Cup

= alternative digital currency specializing in intangible digital goods

URL = http://cupfoundation.net/

Proposed and used by the LI Foundation

Characteristics

"

• is pronounced /kʌp/ and is Unicode character U+2294.

• is a worldwide digital currency dedicated to intangible goods (e-book, music, picture, video).

• requires a strong authentication secure layer over the Internet and provides many benefits for both artists/sellers and consumers/buyers.

• supports state/country tax recovery and is speculation resistant.

• seems to be a fair solution to face illegal downloading.

• will push out intermediates companies business models (Visa, MasterCard, PayPal, Apple iTunesStore, Amazon,...).

• proposes a ⊔net, public Open-Source Peer-to-peer architecture for any intangible multimedia content trading."

(http://cupfoundation.net/)