ncash  is a virtual token-based monetary system for use on the Internet developed by ncash Technologies Ltd. over a three year period. The ncash token monetary system involves five different components.

• Participating Banks,  franchised entities that issue ncash by use of ncash technology.  ncash issuing takes place by conversion of real money into ncash tokens or redeemable electronic notes (REN’s) for use on the Internet until it is converted back to real money upon redemption. ncash  tokens and REN’s have the property of being redeemable in value based on a system similar to Travelers Checks. Both ncash notes and ncash tokens can be issued by the participating bank using ncash Technology.
  
  

• A Secure Network that ports (carries) the ncash Transaction. 
  
  ncash transactions travel on a secure transport layer provided by Global Financial Network, a private virtual network connections provider to the financial community. Mercury Financial Network fully secure and private. (visit GFN) 
  
  

• A Currency exchange that allows for the real time conversion of foreign currency that functions as the Gateway to all ncash transactions.
  
  

• The Foundation, a non-politically aligned, non-profit organization governed by independent charter. Administrates the ncash Treasury, the Reserve, and the Mint.
  
  

• The Technology, the ncash currency system developed by ncash Technologies. An anonymous, non-depository digitally encrypted Token-based system that allows encrypted financial transactions to occur over a secure channel using redeemable electronic note.