virtual-currency

Speaking of money, we're going to see Facebook really do something with its virtual currency, Facebook Credits, over the next year.

Earlier this year the firm said it wanted applications running on its platform to accept its virtual currency, known as Facebook Credits.

If Facebook does launch a virtual currency and utilizes Facebook Connect, it has the potential to become a standard in online transactions.

Home computers led to video games, "farming" of virtual currency in multiplayer online games, and fluidity in identity and gender roles.

Chinese netizens like virtual currency because acquiring some does not require a credit card or even a bank account.

And because of that, there has been an incentive to hoard the virtual currency rather than spending it.

Since virtual currency is perceived as currency, it should have basic financial and circulatory characteristics.

However, a Facebook virtual currency could go far beyond the confines of the website.

These gifts are purchased using virtual currency within the game and sent to other players.

Then Facebook said it would push all applications to use a virtual currency, Credits, on the site, and take 30 percent of proceeds.

Over time, those items can command a premium in the secondary market, where members trade their goods for virtual currency.

The ministry also set limits on sales to minors of items using virtual currency, or points earned playing online.

While Sparter chose virtual currency exchange as a hot area, there are plenty of fledgling markets for entrepreneurs.

The network under the virtual currency is the Internet economy, a new currency model is the ideal online micro-payment modes.

Virtual Currency: Commodity or Currency?

Those virtual currency traders will be impacted most by the new policy.

At the same time, the emergence and development of virtual currency brought new problems and challenges to socioeconomic and financial.

Virtual currency transaction costs effectively, and make fast payment is no longer subject to time and space constraints.

You need to code the paypal donation to virtual currency transformation.

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Instead of requiring credit card purchases to buy virtual gifts, a user would spend virtual currency purchased previously.

It is the first time for China to introduce taxation policies on virtual currency deals.

A lot of portals, online game operators in order to provide better service to start early to provide for the use of virtual currency.

This will cost one "micro blog coin" , a virtual currency which users need to buy first with hard cash.

These Websites allow companies to trade products for a virtual currency, which they can use to buy goods from other members.

One buys extra virtual currency at the exchange rate of $240 (145) in FarmVille for $40 (24) in the real world.

The second, GratisPay, a virtual-currency platform for internet games, was sold last year to SponsorPay, a German rival.

Last year, nearly $2 billion in virtual currency was traded in China, according to the China Internet Network Information Center.

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