Build your own e-wallet with balance accounts, money transfer service, merge, split, top-up and withdraw options via web and mobile interfaces.
Digital money is a type of account that is issued and controlled by its developers (you) and used and accepted among the members of a specific virtual community (game, social network, etc.). Virtual money allows you to add additional value to your existing product.
You are able to create a virtual currency according to one of these business models:
The embedded e-wallet is a middleware for money transfer accounting as a part of a complete system.
This type of e-wallet allows you to add a user's balance concept to your current product. It is a customer's virtual account that can be topped up via a payment gateway. The user can keep the money in the balance for a long time or spend all or a part of the money to buy goods and services inside your system.
This simplifies the buying process for your customers, increases their loyalty and your profits.
Alternative money This solution allows you to create any alternative money with the reference to different goods (gold, oil, energy, precious metals, etc). The exchange rate of your currency will totally depend on the value of the chosen product.
For example, you associate the value of your own virtual currency with gold. According to the APMEX statistic, the price of gold per ounce is $1,260.5 as of March 14, 2016.
If we go back and look at the value of gold in December 31, 2015, we can see that the price of gold per ounce was $1,063.7. Consequently your alternative currency cost $1,06 on December 31, 2015.
You have to consider that many factors influence the spot price of gold and other precious assets. Gold prices change every few seconds and there is an unlimited number of components that play a role in the price of gold. Some of the reasons for the changes in gold prices include: current events, market speculation, currency values, supply and demand buying power.
Usually, this type of alternative money is issued and controlled by its developers (you) and used and accepted among the members of a specific virtual community (micro investment platform, social network, local communities etc.).