Woolongs in Cowboy Bebop
A woolong bounty on fugitives in 'Waltz for Venus'
Woolong Conversion Rate
Michael Surbrook estimates that one Woolong is worth approximately one real-world Japanese Yen:
A note on money. The standard currency in Cowboy Bebop is the woolong. Its is roughly equal to one present-day Japanese yen. A sample prices: Appledelphis's bounty (fake) -- 50.000000 (i.e. 50) woolongs; 1 watermelon -- 1,000 woolongs; to ship a package from the Venus starport to the desert -- 5,000 woolongs; COD on a package shipment -- 6,300 woolongs; toll for gate passage -- roughly 7,000 woolongs; Whitney's bounty -- 19,800 woolongs; fine/bounty for littering -- 20,000 woolongs; COD for betadeck and tape -- 31,500 woolongs, typical bounty -- 1 million woolongs, Asimov Solensan's bounty -- 2.5 million woolongs; Faye's bounty -- 6 million woolongs; reward for the return of Ein, the stolen data dog -- 8 million woolongs; Chess Master Hex's bounty -- 12 million woolongs; Faye's debt -- 300,028,000 woolongs.
This makes a woolong equivalent to a little bit more than 1¢ USD. One ether, as of December 24th, 2016, is worth $7.35 USD, so given a woolong is worth 1-2 cents, a woolong has a value equivalent to approximately 0.001 - 0.002 ether.
Therefore, a woolong is a good approximation of 1 milliether (also known as a finney, 1 finney = 0.001 ether), and could be used interchangeably with the term, as a unit of ether.
The Woolong Wallet
The Cowboy Bebop episode 'Waltz for Venus' showcases an electronic wallet used to transfer woolongs stored on smart cards. The wallet has a number pad through which the amount of woolongs to be transferred is inputted.
It also has two card reader slots, allowing two woolong cards to be inserted in the wallet, and woolong transferred between them. It's not shown if the woolong wallet also allows authentication of transfers from woolong-holding smartcards, using the input pad to enter a password.
The woolong wallet is used to transfer woolongs from one smart card to another