QQ: China’s New Coin of the Realm?
Friday, March 30th, 2007I seem to be the only QQ user who has not used "QQ coins".
From Wall Street Journal Online: (Link to QQ: China's New Coin of the Realm? - Preview )
HONG KONG -- China's fastest-rising currency isn't the yuan. It's the QQ coin -- online play money created by marketers to sell such things as virtual flowers for instant-message buddies, cellphone ringtones and magical swords for online games.
In recent weeks, the QQ coin's real-world value has risen as much as 70%.
It's the most extreme case of a so-called virtual currency blurring the boundaries between the online and real worlds -- and challenging legal limits. A Chinese Internet company called Tencent Holdings Ltd. designed the payment system in 2002 to allow its 233 million regular registered users to shop ...
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