tag:blogger.com,1999:blog-2595455932654799850.post4310434630210018557..comments2023-11-02T10:55:07.208+01:00Comments on The Monetary Future: Virtual Currency: Beyond Fun and GamesJon Matonishttp://www.blogger.com/profile/04111660030028727950noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2595455932654799850.post-77473961684581733302011-11-09T11:58:21.581+01:002011-11-09T11:58:21.581+01:00Based on the fact that the Governments and central...Based on the fact that the Governments and central banks of most G20 countries are not printing enough money to sustain the levels of trade required to sustain basic human requirement in many communities, unregulated virtual currency exchange and the growth of complimentary community currency is not only inevitable, but essential to those hit hardest.Tony Meehanhttps://www.blogger.com/profile/17990997287285061520noreply@blogger.comtag:blogger.com,1999:blog-2595455932654799850.post-48956284237121080912011-11-09T08:46:21.764+01:002011-11-09T08:46:21.764+01:00Interesting to read the Javelin comments, and your...Interesting to read the Javelin comments, and your own regarding the next big disruption being the "Revolutionary Payment Interface". <br /><br />I work in real communities as opposed to virtual ones, and there is no money around. Our community reward card gives members of our community information and incentives that are personalised, timely and relevant. <br /><br />We are working with the municipal authorities, retailers, sports clubs and transport providers to personalise the distribution of their goods and services. <br /><br />For our members this means a more joined up experience. For the enterprise it means less waste which means more savings.<br /><br />Slowly but surely we are beginning to distribute these savings back to our members (they get 90% the enterprise gets 10) but only in exchange for volunteering to do something that contributes to community life, such as shopping locally or volunteering for a good cause.<br /><br />The exchange mechanism we use (that stores value) is called Plus Points. Smartcards transfer account balances and profile pages act as a sort of CV that make visible ones contribution to community thus our virtual currency is backed by contribution.<br /><br />Payment interfaces and clearance systems that can deal with community currencies might well shake the market up. We shall see.<br /><br />@mikeriddell62@mikeriddell62https://www.blogger.com/profile/00600499334429391627noreply@blogger.com