Cherry Credits Now Available in 7-11

A Singapore e-commerce company now has an alternative currency system for sale in 7-11 stores anywhere. I’ll have to go try and buy some this weekend perhaps.

{See also: Unified Global Virtual Credits, a term introduced by Cherry Credits CEO, Addison Kang}


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This entry was written by enjoying autumn, posted on October 26, 2007 at 11:16 am.

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6 Comments

  1. p
    Posted October 26, 2007 at 2:07 pm | Permalink

    Paypal rolls out hardware-based PIN system:
    http://www.binrev.com/forums/index.php?showtopic=34340

  2. Tim Boucher
    Posted October 26, 2007 at 3:15 pm | Permalink

    Why would you need that? Seems like training wheels for a product yet to be rolled out.

    It does also seem to fit into the “disposable identities” thread…

  3. p
    Posted October 26, 2007 at 3:35 pm | Permalink

    Why would you need that?

    Even if someone gets your password, they don’t have your unique keychain fob, so they can’t generate the PIN. You need both PIN and password for this scheme.

    I’m getting excited between these Cherry monies and the QQ coins… feels like digital cash might take off easier in asia than EU or US.

  4. Svenson
    Posted October 26, 2007 at 4:18 pm | Permalink

    Amazing…Will we actually end up with a free market for currency itself, where the best system wins? I think that would be fantastically good.

  5. Tim Boucher
    Posted October 26, 2007 at 7:47 pm | Permalink

    Is that the best way of explaining the goal we’re shooting for?

  6. Tim Boucher
    Posted October 26, 2007 at 7:48 pm | Permalink

    I like the term

    “COMPETING CURRENCIES”

    or

    COMPETITIVE CURRENCIES

    Because capitalism ostensibly rewards effective competition, correct?

One Trackback

  1. By Creditz: “The World’s First Digital Currency” [bullshit] - To[p oBcultu]re on October 29, 2007 at 2:23 pm

    [...] PS. Creditz people: your branding fucking sucks. Your website looks like it’s from the goddamned late 90’s and the language you’re using is as transparent as the flaws in your business model. Creditz? Come on. Give us a little more “credit” than that. With that kind of idiocy, you should at least be targeting teenagers, like QQ coins or Cherry Credits, because people who are old enough to know better are not going to pump value into your system - especially if they can’t get anything back from it. [Note: That was a freebie because I’m a nice person. Any further tips will cost you.] [...]

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