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

    … by selling goods within the app for a profit or by offering premium features at additional cost. In-app purchases can include virtual goods such as in-game boosts, virtual currency, ad removal and/or add-on features. Pros: Also easy to generate downloads, as there is no cost to try the app. Can be used by multiple app categories due…

    Inside Facebookin Mobile- 22 readers -
  • Minds Launches Virtual Currency-Powered Social Networking App

    … Minds announced the beta launch of its open-source social networking platform for iOS, Android and the Web. The app was designed in part to help users expand their viral reach, and it offers a points system, giving users control of their content sharing potential. Upon signup for Minds, users are given 100 points for free, and they can earn…

    Inside Facebookin Social- 22 readers -