Help, I’m Stuck With 21 Zeevexes: Virtual Currencies Need Forex Help

I am watching ฿1 soar to $935 today and my thoughts extended to: how would I get money out of bitcoins today? The truth is the quantity of virtual currency in the world is increasing, and will continue to do so. The wild gyrations in the price of bitcoins is just one sign of appreciation in value in virtual currencies. There is little doubt that the average consumer will — sooner rather than later — end up with an increasing array of virtual currency in the years ahead. Obviously, there is a need for a virtual currency exchange, and there are a few ventures working on this problem. But these exchanges are faced with a sticky problem: the greater the number of virtual currencies, the more difficult it is to create a foreign exchange market for them all. The sprouting of bitcoin exchanges in recent months is part of the reason why the value of a bitcoin has appreciated so dramatically in recent days. There’s a market. But what about for arcane virtual currencies like Circles, Zeevexes, Ripples, Voopes, and whoknowswhat currencies that have yet to be launched? An exchange will need scale. It is not just about making an [...]

http://bankinnovation.net/2013/11/help-im-stuck-with-21-zeevexes-virtual-currencies-need-forex-help/

Help, I’m Stuck With 21 Zeevexes: Virtual Currencies Need Forex Help
Source: Bank Innovation

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