ELI5: Explain Like I'm 5

Flooz

Flooz was a type of online money that people could use to buy things on the internet. It was like using your allowance to buy things at the store, but instead you used your computer to buy things online.

Just like you have a piggy bank to save your coins, people would have a Flooz account online to save their digital money. They could use Flooz to buy clothes, toys, and other things they wanted by typing in their Flooz account number at checkout.

However, the problem with Flooz was that some bad people started using it for bad things like fraud and stealing. This made it not safe for people to use anymore, and Flooz went out of business. So now people use other types of online money like PayPal or credit cards to buy things online.