Virtual Currencies — the new way to trade

Virtual Currencies — the new way to trade

They say money makes the world go round but did you know the virtual currencies are the latest digital trend to take the world by storm?

Some of these technologies have actually been around for almost four years, but it seems only now some are hitting the public consciousness, so I thought it time for a post on the serious matter of money — virtual that is.

Here’s a quick run down on some virtual ways to trade:


Did you hear the one about the guy who paid for his meal with a tweet? Yes really. In today’s world the value of people talking about your product is sometimes higher than the money you would get for it. Sell your products for the price of a tweet. It’s simple, every time somebody pays with a tweet, he or she tells all their friends about the product. Boom.


Google Wallet

What game hasn’t Google got their hand in? If you’re talking virtual money, don’t worry, it’s right there too. Google Wallet is a smart, virtual wallet that saves you time and money. With the Google Wallet mobile app, you can make your phone your wallet. Shop and save in stores with all your loyalty and offers in one place. Send money to friends and family and they can spend it instantly with the Google Wallet Card. Store your loyalty programs and leave the plastic cards behind. Carry all of your Google offers on your phone when you shop. Redeem easily at checkout. Unfortunately the system is still quite American focussed.



Bitcoin went mainstream in a big way in 2013, with banks and countries alike trying to figure out where the online cryptocurrency fits into the financial landscape.

If you haven’t heard of it Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Starting on Feb. 10 2014, the UK section of eBay will open a “virtual currency” category within its classified ads which suggests its certainly taking things seriously. Chinese online giant Baidu also started accepting bitcoin in October last year. Who else will follow in 2014?


Facebook Credits

It hasn’t hit Australia yet but Facebook Gift Cards are the quick and easy way to buy items in your favorite games and apps on Facebook in America. Whether you’re looking to speed up your progress or play more games with friends, the Facebook Gift Card works across thousands of games on Facebook.


Do you know of or use other virtual currencies? What do you think of them? Worth investing in or a wild, wild west one best avoids? Love to hear your comments in the section below.