Summary:

File-Cash, a new “legitimate” P2P sharing network, will launch from June 1, and offer a catalog of music from over 100 independent labels.…

File-Cash, a new “legitimate” P2P sharing network, will launch from June 1, and offer a catalog of music from over 100 independent labels.

File-Cash will utilize the new E-C Logix E-Cash digital cash technology to enable direct and instant payments, including micropayment transactions of as little as 1/10 of a cent, to the artists, labels, publishers and other rights owners. It will also offer financial incentives for consumers to download registered files and co-host the files on their home computers’ shared directories.

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