|Description||Physical Social Network|
Hub Culture is a global collaboration service anchored by the Ven digital currency. The company operates physical locations trading in Ven and manages a micropayment platform for content, groups, products, services and events. Hub Culture is a leader in P2P exchange, commodity trading, M2M/AI exchange and virtual financial services.
It was founded in November 2002. The Hub Culture group of companies is privately held with offices in Bermuda, Geneva, Hong Kong, London, San Francisco and New York. Dedicated representatives are in over 60 locations worldwide. The site has been noted in the Wall Street Journal, New York Times, Wired, PSFK, Harvard Business Review, CNNMoney, Forbes, WSJ, Finextra, Bloomberg and other financial media.
In 2008, Hub Culture began developing Pavilions, member based workspaces in key cities offering coworking, concierge and consulting services, meeting space, and online collaboration tools on an internet based technology platform. Hub Culture Pavilions, both temporary and permanent, have appeared in London, Copenhagen, Cannes, Beijing, New York City, Los Angeles, Ibiza, Rio de Janeiro, Durban, Ho Chi Minh City, Cancun and other locations.
As of July 2013, Hub Culture lists over 25,000 members and has exchanged over 20 million units of Ven. The currency is priced from a basket of currencies, commodities and carbon, and floats against other major currencies at floating exchange rates. In a partnership with Thomson Reuters, Ven became the first virtual currency available in the financial markets, with realtime exchange rates available on <.VEN> on over 500,000 trading terminals worldwide. Ven first appeared as an application in Facebook on 4 July, 2007.
In late 2008, the Ven became available to anyone with an email address, making it the first global digital currency to move from an online social network into the real world. In November 2009, Ven expanded as an online micropayment platform for content and group subscriptions, creating a new economic model for online paid journalism with single click micropayment options down to the fraction of a cent, and earn/pay options that can be used for multiple content forms.
By the end of 2009 hundreds of services and items (ranging from private jet service to juice) were available in Ven at Hub Culture Pavilions - the first physical locations in the world to operate entirely on a virtual currency.
In 2010 Ven added Carbon to its basket components, alongside multiple currencies and commodities, making it the first green currency, with a theoretical carbon offset attached to each transaction. Its stability in the international markets has made Ven an attractive pricing option in the commodities sector, where physical trades for goods priced in Ven are now taking place on a bespoke exchange platform created by the company.
By 2012, Ven had expanded into the first virtual currency funds focused on commodities, micro-finance, equity stake vehicles and P2P exchange.
|Launch Date||July 4, 2007|
|Tags||digital-currency, virtual-currency, bitcoin, ripple, finance, financial-services, payments, digital-wallet, cloud-services, cloud-wallet, micro-finance, p2p-networks|
Ven is a global digital currency priced from a basket of currencies, commodities and carbon. The first digital currency to be used in the real economy, it is also available in the financial markets via a pricing distribution relationship with Thomson Reuters.