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Inside WM Purse<br />
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WMB Purse<br />
Technobank JSC<br />
220002, republic Belarus’<br />
Minsk, ul. Kropotkina, 44<br />
The WMB purse works on units denominated<br />
in the equivalent of Belorussian rubles.<br />
The guarantee behind the units comes<br />
from a company in the Republic of Belarus.<br />
The guarantee agreement frames the units as<br />
“electronic money” for an electronic purse.<br />
A WMC purse is a <strong>Webmoney</strong> Credit<br />
purse. It is is the equivalent of a WMZ but<br />
for only credit operations. It is only intended<br />
for obtaining credit. Credit within the <strong>Webmoney</strong><br />
system means a user can acquire goods and<br />
service opting to pay the other party at a later date.<br />
The amount and period of the credit is fixed within<br />
the WM system and also stays in the history of<br />
operation for both credit and debit building a sort<br />
of credit history or rating. All items located in the<br />
WMC purse are considered obligations or bills<br />
awaiting pay off.<br />
A WMD purse is also a <strong>Webmoney</strong> Credit<br />
purse representing the obligations or bills,<br />
“...before the creditor from the users of the<br />
systems, which took credit. The total WMD in<br />
ones purse corresponds to the sum total of WMZ,<br />
which must be transferred to owner WMD purse.”<br />
Both purses WMC and WMD contain credit items.<br />
###<br />
Verification Service provides<br />
digital passports, that identify<br />
WM users, holders of WMID’s in<br />
the System as per their personal<br />
identification data and contact<br />
information provided. Digital WMpassports<br />
are issued to users,<br />
who supplied identification data,<br />
notarized or verified by one of the<br />
Registration Officers to one of the<br />
Authorised Verification Centers.<br />
WM Verification Program offers<br />
several status levels. The higher<br />
status of the WM-Passport is, the<br />
more effective is user’s activity in<br />
the System and the more services<br />
of the Sytem are available to<br />
him.<br />
For example, holders of Personal<br />
Passports obtain a right to issue<br />
Initial Passports at a fee, they<br />
believe is fair. A passport of the<br />
Registration Officer allows to<br />
issue Personal Passports to other<br />
WM users.