News Highlights: IMVU sets new standard for digital currency with launch of VCOIN
“While most virtual platforms allow users to earn in-game credits, those credits cannot be converted into anything that has value outside of that platform or game,” said John Burris, Chief Strategy Officer, IMVU. “VCOIN is a game-changer that enables expansive and dynamic virtual economies, where users can easily convert their earnings into fiat or transfer them from the platform.”
“The service economy is a big part of the IMVU experience,” explains Daren Tsui, CEO of IMVU. “For example, if two users want to host an event, they can hire a room decorator, a photographer, a stylist, and more to make their event happen. Historically, payment for those services was done outside of the platform, adding a layer of friction and vulnerability to the transaction. With VCOIN, users can pay for those services directly on the platform and then easily convert that revenue into cash around the world. “
VCOIN is sold for 250 VCOIN at $ 1.00 or $ 0.004 per VCOIN. Users can buy, make transactions …
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