New Money For the Digital Age: It’s Called Kurrenci [Updates]

It may be difficult to understand or believe, but the digital world now seems to have its own money; it’s called Kurrenci. It’s universal digital currency for the Internet. Just a few days ago, the site opened for registration, though some services are still being worked out.

With Kurrenci, you can shop and buy stuff on the Internet just as you do with traditional money. You can also gift money to friends, or donate it to your favorite charity. The developers of Kurrenci say the goal of this virtual money method is to make buying and selling easier, safer, and more affordable with what they call a positive exchange rate.

How does the exchange rate work? Kurrenci says you take the purchase price and divide it by the store’s exchange rate. For example, if a shirt you want costs $50 and the exchange rate is $1.25, then you pay just 40 Kurrenci. You save $10.

In it’s FAQs, the developers write that Kurrenci can be used all over the world. You can buy Kurrenci using foreign money of your choice and it can be used to make purchases anywhere on the planet.

To start getting these digital dollars, you can use your bank account, credit or debit card to buy Kurrenci online, or you can go to any MoneyGram location in the U.S. to upload cash to your Kurrenci account. The list of which online stores will participate in Kurrency will be revealed in a little over a week.

This digital currency complies with federal regulations, and you can trade back Kurrenci to U.S. dollars if need be. Will you give Kurrenci a go?

Source: TechCrunch

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