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Flooz
Flooz.com was a dot-com venture, now defunct, based in New York City that went online in February 1999. It was promoted by comic actress Whoopi Goldberg in a series of television advertisements. Started by iVillage co-founder Robert Levitan, the company attempted to establish a currency unique to Internet merchants, somewhat similar in concept to airline frequent flier programs or grocery store stamp books. The name "flooz" was based upon the Arabic word for money, فلوس, ''fuloos''. Users accumulated flooz credits either as a promotional bonus given away by some internet businesses or purchased directly from flooz.com which then could be redeemed for merchandise at a variety of participating online stores. Adoption of flooz by both merchants and customers proved limited, and it never established itself as a widely recognized medium of exchange, which hindered both its usefulness and appeal. Use by crime syndicate In 2001, Flooz.com was notified by the Federal Bureau of Inve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Levitan
Robert Levitan (born April 22, 1961) is an American businessman best known for his multiple entrepreneurial activities in New York City's Silicon Alley, the cluster of web and technology businesses stretching from Manhattan's Flatiron District through SoHo and TriBeCa. Career iVillage In 1995, Levitan co-founded iVillage, one of Silicon Alley's "first settlers" and a startup that would eventually become the web's largest community for women, with Candice Carpenter, former president of Time-Life Video, and Nancy Evans, ex-president and -publisher of Doubleday. Having never sold ads before, except for his sixth-grade yearbook, Levitan was charged with building the company's advertising department, and he conceived of a strategy beyond selling the nascent standard: the web banner. Levitan's model gave sponsors, paying between $75,000 and $150,000 for 6- or 12-month terms, the option to build "bridge sites," which sat between iVillage editorial pages and the sponsors’ own corp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flooz
Flooz.com was a dot-com venture, now defunct, based in New York City that went online in February 1999. It was promoted by comic actress Whoopi Goldberg in a series of television advertisements. Started by iVillage co-founder Robert Levitan, the company attempted to establish a currency unique to Internet merchants, somewhat similar in concept to airline frequent flier programs or grocery store stamp books. The name "flooz" was based upon the Arabic word for money, فلوس, ''fuloos''. Users accumulated flooz credits either as a promotional bonus given away by some internet businesses or purchased directly from flooz.com which then could be redeemed for merchandise at a variety of participating online stores. Adoption of flooz by both merchants and customers proved limited, and it never established itself as a widely recognized medium of exchange, which hindered both its usefulness and appeal. Use by crime syndicate In 2001, Flooz.com was notified by the Federal Bureau of Inve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diem (digital Currency)
Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Meta Platforms. The plan also includes a private currency implemented as a cryptocurrency. The launch was originally planned to be in 2020, but only rudimentary experimental code has been released until the project was acquired in January 2022. The project, currency and transactions would have been managed and cryptographically entrusted to the Diem Association, a membership organization of companies from payment, technology, telecommunication, online marketplace and venture capital, and nonprofits. Before December 2020, the project was called "Libra", although this was changed to Diem following legal challenges regarding its name and logo. In general, the project generated backlash from government regulators in the European Union, the USA, other countries, and among the general public over monetary sovereignty, financial stability, privac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virtual Currency
Virtual currency, or virtual money, is a digital currency that is largely unregulated and issued and usually controlled by its developers and used and accepted electronically among the members of a specific virtual community. In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically." A digital currency issued by a central bank is referred to as a central bank digital currency. Definitions In 2012, the European Central Bank (ECB) defined virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". In 2013, US Financial Crimes Enforcement Network (FinCEN), a bureau of the US Trea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beenz
beenz.com was a website that allowed consumers to earn beenz, a type of online currency (and Bitcoin predecessor), for performing activities such as visiting a web site, shopping online, or logging on through an Internet service provider. The beenz e-currency could then be spent with participating online merchants. The marketing and brand concept positioned Beenz as "the web's currency", global money that would challenge the world's major currencies. The Beenz management team raised almost $100 million from venture capitalists including Apax Patricof, Larry Ellison of Oracle, Michael Saylor of Microstrategy, François Pinault of PPR, Vivendi Universal, Italian financier Carlo de Benedetti and Hikari Tsushin of Japan. Since launching a new currency is illegal in many countries, beenz management and its legal teams had to meet with finance ministers across Europe to assure them that Beenz would be categorized as virtual points. Beenz's offices in London were visited by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |