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Why did cabbage take a dislike to an ant???

08-08-2011 08:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: e-Cabbage Corp.

Today e-Cabbage Corp., the owner of the payment system e-Cabbage, officially announced a ban on exchange of its electronic currency for the electronic currency of the Russian payment system Webmoney, the symbol of which is a yellow ant. Such mistrust of e-Cabbage to the yellow ant, according to representatives of the company, was caused, first of all, by an intent to protect its users from crime and mass money laundering, which happens in the payment system WebMoney.

e-Cabbage works on the European market since 2009 and has already proved itself to be a reliable partner, who is able to provide ready solutions in the sphere of electronic commerce. But despite the fact that e-Cabbage is quite a young participant of the electronic payments market, it fearlessly decided to take such drastic measures, as prohibition of exchange of its electronic currency for the currency of WebMoney in both directions for all its exchange partners. These courageous actions of e-Cabbage obviously characterize it as a company that adheres to the position of Anti money laundering (AML).

Now it is hard to tell, what will be the response of WebMoney and its further actions, and whether the yellow ant will review it principles of work with clients, or everything will remain the same. By now, WebMoney has given no response to a ban on exchange of its currency for the currency of the payment system e-Cabbage. Currently representatives of WebMoney are keeping from any comments to this issue, and it looks like such measure from the part of e-Cabbage was not a surprise for them, because the western world did not favor the Russian yellow ant very much anyway.

e-Cabbage is an universal, multifunctional payment platform for secure and immediate transactions online, opening unique opportunities to users and owners of the internet-businesses.

The Company's mission is to provide internet-business industry a smart solution to save your time and money. It allows safely and quickly pay for goods and services on the Internet.

e-Cabbage Corp.

Kermia House, 2nd Floor, Office 202
4, Diagorou Street
Nicosia 1097
Cyprus

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