MSN-Mainichi Daily News reports:
U.S. chip giant Intel Corp. said it has invested 5 billion yen in Tokyo-based Bitwallet Inc., which provides the 'Edy' electronic money service.
The companies will cooperate to make it easier and safer to make PC-based electronic money settlements, which are seen to increase amid growing popularity of Internet sales of music, movie and other digital content as well as goods. In fiscal 2005, 110 million transactions were settled via the Edy services, of which 2-3 pct were PC-based transactions."
