Virtual Currency

Digital currency or digital money is an internet based medium of exchange (i.e., distinct from physical, such as banknotes and coins) that exhibits properties similar to physical currencies, however, allows for instantaneous transactions and borderless transfer-of-ownership. Both virtual currencies and cryptocurrencies are types of digital currencies, but the converse is incorrect. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network.
Posts about Virtual Currency
  • Balancing App Monetization With the User Experience

    … advertising Freemium/free download with in-app purchases Subscriptions Paid apps As such, the developer must choose its business model carefully so that UX considerations and revenue generation can be aligned; and knowing when it’s time to pivot and adjust the business model is also critical to lasting success. Projecting where revenue is going…

    Inside Facebookin Mobile- 19 readers -
  • Minds Launches Virtual Currency-Powered Social Networking App

    … more by interacting with content on the platform. Users can share their own videos, images or text messages with the community, and also have the ability to share these posts out to Twitter or Facebook. During the posting process, users can spend some of their points to increase the post’s reach. Users can either boost the post to the entire…

    Inside Facebookin Social- 21 readers -
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