(from Ask Dr Internet)
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DEC ROLLS OUT MILLICENT
Digital Equipment Corp. has taken the wraps off Millicent, a software system
designed to handle very small monetary transactions on the Internet,
enabling vendors to sell items for 10 cents or less. The company is making
arrangements with a couple of banks that will serve as "scrip brokers" --
dispensing $5 or $10 of Millicent scrip who can then use it to purchase
inexpensive information such as movie reviews, horoscopes, encyclopedia
articles, highway traffic reports, stock graphs, or a 10-second use of a
computer software application, from online sellers. Digital is currently
seeking content providers to participate in a trial program. (Wall Street
Journal 11 Mar 97)
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