Virtual Money As a Small Payment System in E-Commerce in China: An Economic Analysis

Wenjing, Shang; Wu, Hong; Zhimin, Ji

doi:10.1109/wicom.2008.2197

2008 4th International Conference on Wireless Communications, Networking and Mobile Computing 2008

DOI: 10.1109/wicom.2008.2197

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Virtual Money As a Small Payment System in E-Commerce in China: An Economic Analysis

Shang Wenjing

Hong Wu

Ji Zhimin

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Vonex

Chow

Guo

2009

Proceedings of the 11th International Conference on Electronic Commerce

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Establishing an open virtual money exchange regime is a novel idea but rarely discussed. This paper provides a pioneer research on virtual money exchange (VONEX) approach, aiming to facilitate the exchange of virtual currencies among a variety of heterogeneous virtual communities. It has defined the intrinsic value and exchangeable value of virtual currencies and suggested a redistribution strategy, constituting the theoretical foundation of the virtual exchange rate system, by which a novel VONEX exchange rate algorithm is derived. Further to the introduction of the algorithm, a proof is given to ensure its correctness.

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Vonex

Chow

Guo

2009

Proceedings of the 11th International Conference on Electronic Commerce

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Virtual Money for Purchases in School Shops and for Educational Applications: eZloty

Pawlak

Guziur

Poniszewska-Marańda

et al. 2019

Journal of Applied Computer Science

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Virtual Money As a Small Payment System in E-Commerce in China: An Economic Analysis

Cited by 2 publications

References 1 publication

Vonex

Vonex

Virtual Money for Purchases in School Shops and for Educational Applications: eZloty

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