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Global Addressing for eWallets * eWallets are accounts within host systems * Dedicated eWallets such as Paypal exist simply to hold and facilitate transfer of funds * Accounts such as those that consumers have at Amazon exist to facilitate eCommerce * To date the only way for funds to transfer between (eg) Paypal and Amazon is for Amazon to enter into a merchant agreement with Paypal * The complexity of this web of relationships has hindered the growth of eCommerce and favoured the larger playersiCoins provides an addressing system so that any enabled wallet can send and receive digital cash In this way iCoins can be considered analogous to the SWIFT/IBAN system for transfer between bank accounts