Ecuador Announces World's First Digital Currency

[Wireless News]

No, I’d gone to Ecuador. Like Panama, El Salvador, and a handful of tiny nations in the Caribbean and South Pacific, Ecuador-adopted the U.S. As of December, the government just announced, the dollar will have a companion in the South American country: An as-yet-unnamed currency that will exist purely in digital form, stored largely on users’ cell phones.

More... (http://news.yahoo.com/ecuador-announces-worlds-first-digital-currency-235623197.html)