Tuesday, April 26, 2011

Virtual Currency Moves Forward

A year and a half ago I made this post, which includes a video on how Ven Digital Currency was beginning to change the very nature of money.  The idea is that money could become a truly virtual concept, facilitating trade on a global scale.  This would ultimately eliminate the need for government backed currencies like the dollar and euro.

Well, here is another virtual currency that has been getting a lot of attention, Bitcoin Virtual Currency.  My guess is that these virtual currencies are just the beginning and will be a common notion in the near future.  Here is a Time Magazine article which discusses virtual currency in more detail.