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Monday, December 21, 2009

Virtual Currency Exchange

From the first quarter of 2010, social sites and myYearbook IMVU Virtual Currency Exchange users will be permitted to exchange transactions between sites.

Currency Connect is called "cross-films virtual exchange" system similar to how you change dollars into euros if you travel in Europe in order. Users can easily swap their currencies depending on which side they are. Overall, this is not a bad idea, as I find it amazing that money users Pony Up real virtual money that can never be taken at a particular location.

But I wonder if more payment providers like PayPal, enter the game and more to offer virtually the de facto universal. It is fine that the two long sides ISH have begun this effort, but he can not wait long before other social sites like Facebook to join the fray. And finally, the website or the currency with which most users would be the one with the most users.

This opens the possibility for other sites with user bases larger, like Google and Yahoo to offer a monetary program. If users already joined several social networking sites, there is no doubt that they also use search engines and instant messaging.

Technically, the service uses a simple set of REST API, which will perform various checks and balances system. The Security monitoring methods and server to server connections that are initially limited, as many sites can participate in the service maintained. Again, a major online service could be easier to provide a fully distributed; a trustworthy service that does not require point-to-point links.

It is clear that the virtual money has become an important element of social networking and gaming infrastructure. But sooner or later change their fickle loyalty of users. An exchange is an escape to a pleasant taste, but not always, you can always return to your virtual currency into real money.

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