10 Nov '13, 10am

Babberly uses its own virtual currency plus bitcoin to boost local search and shopping

Babberly uses its own virtual currency plus bitcoin to boost local search and shopping

A new startup based on local mobile searching is utilizing its own virtual currency along with bitcoin to create a new type of social platform. The company, Babberly , has its own virtual currency, called babberCRED that is used on its platform. And BTC is being used as a complement to that, reducing friction and transaction fees. “Users receive babberCRED for any action taken on our portal. We are tying in our babberCRED system with bitcoin to allow our users to use their babberCRED and then pay the balance of their payments (on deals, etc) with our bitcoin layer,” says Bobby Marhamat, Babberly’s CEO. Unlike other business strategies where virtual currencies are solely for purchasing items, the babberCred virtual currency is also being used for a gamification on Babberly’s platform. When you do something on Babberly, you obtain some babberCRED. “Our users earn babberCRED ...

Full article: http://www.coindesk.com/babberly-virtual-currency-bitcoin...

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