WebMoney Purse (WMZ)
WebMoney Transfer — the global settlement system and environment for online business activities, established in 1998.
WebMoney Transfer Technology is based on providing all its users with unique interfaces that allow to operate and control individual property rights for valuables (assets), stored at the specialized entities — the Guarantors.All Guarantors — participants of the System are located in various jurisdictions and store valuables of various legal nature. Specific features of transactions with proprietary rights for values stored by each Guarantor, as well as their measurement units and the Guarantor’s obligations to exchange those proprietary rights with the currency of the country of its registration, are set out in the Agreements adopted respectively by every member of the System in the course of registering a ‘Purse’, which serves as the accounting attribute of the proprietary rights.
