DMT Digital Bearer Certificates

-----BEGIN CERTIFICATE-----
4IIBOoECMQCCgbAc9fi8skkl6X2LP0mTlGFwxXQjl65Zw2PyaI0eoTOFrIMUf2bDzp9Oh0k3
WmkTanh///MWrk0YdS6h24ofkMQQ62KbDXyvyoyaCf2XnlABloBdAQs5NuxAq/NkQTDCpUc1
HZTV2nfDFjO+OoBNyUBcwnJUz2Ah9/wwKrca2eBdW/n/PDUk7iRXlVaoADCXXS+KUNuRunVJ
sK91ENcJU2eYAyEzxWwC7f4CZ9RifMuaDoOBgA6kZBPGLFe/zIPiJDlLHForCczL+sLzYkHe
fC438nivdXBvwEEX03NDOkeC97Qg5fGpXKng8dKdnqmMqxpRqK2l1xdwEDdTrUqa6+SHO3EF
0auMAbLUv3e3uhA4OoUsecsjlWHLtH4oDFboc5D1AuYrrRwzf3i0OYH0YqZrxvyD
-----END CERTIFICATE-----

A DMT Digital Bearer Certificate is an email text message representing currency or other value withdrawn from a DMT/ALTA account. Each certificate is encrypted by a passphrase.

Any DMT/ALTA account holder can issue a DMT Digital Bearer Certificate. The holder of the DMT Digital Bearer Certificate can store value outside the DMT system, or can send value over the Internet to another person, or a payee can received multiple payments from payers without even revealing his Claim Number to the payers.

The Certficate ultimately obtains its value by being redeposited into another DMT account. But in the meantime, the Certificate can circulate from person to person as bona fide digital cash, because Certificates can be verified and re-issued without being redeposited.

Here is a sample DMT Digital Bearer Certificate [note: actual certificates are encrypted (as seen in the one at the top of the page), look like GPG or PGP encrypted email, and cannot be read by third parties]:

----------------Begin Certificate-----------------
* This is a DMT Digital Bearer Certificate rtificate 
* USD 500 
* EBB74D4DAAC809A2 
* Do not accept this certificate in payment without 
* immediately exchanging it for a new certificate 
* with a new passphrase, or depositing it immediately 
* into a DMT/ALTA account. 
BE064969F69CF7A1 A85ADF5CB8C2721B 793DC5FAC16352DC 
F17C3B206F7BD005 2F7A32D3371D2F3A 75267DEA606931BE 
DBF43EB6D2121FFB B194AB58B4420676 C8864BDC2EB0E8FC 
D49EC8EF0034220D AE5EFEE21EE20579 51C6122D2E38D5FF  
AF5ED475669DE647 0563731EBC3488AF5ED475669DE647 0563731EBC3488E7 49E59DD920A25BBF 
----------------------End Certificate-------------------

The receiver of such a Certificate obtains its value by either:

1. Exchanging the Certificate for a new Certificate bearing a new passphrase (known only to the receiver); or

2. Depositing the Certificate into a DMT/ALTA account.

Once a certificate has been exchanged or deposited, it is no longer of any value. Attempts to reuse the certificate, or copies of the certificate, will be rejected by the system.

There will be a transaction fee of 1/10 of 1% for any of these three activities—withdrawing, exchanging, or depositing a Certificate.

Click here for API for DMT Digital Bearer Certificates