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- 13 readers -
  • Minds Launches Virtual Currency-Powered Social Networking App

    … and votes, with an additional comment section allowing for more interaction between users. If two users subscribe to each other, the app’s encrypted chat functionality becomes available for direct and private communication. In a statement, Bill Ottman, founder and CEO of Minds, commented: Humanity is clearly craving a global social network…

    Inside Facebookin Social- 20 readers -