currency

Traveling? Quickly and simply get your exchange rates with Simple FX

Simple FX comes in two versions: the lite and paid version. Both contain the same features, but the paid version allows for more currencies. Instead of the regular display of direct rates, the app opts for a chart that shows monetary increments of one currency and the corresponding exchange value of another. This feature allows for quick estimation, sets it apart from other converters, and increases its utility for average travelers. Sometimes having an instant estimate for costs of items is better than having to tediously calculate values to the nearest cent. However, this chart function is not as useful … Read more

WordPress begins accepting Bitcoin for service upgrades

WordPress has announced it will begin accepting payment for upgrades via the controversial peer-to-peer currency Bitcoin, a move it promises will break down geographical and corporate boundaries.

While the popular blogging platform is a free service, it does offer paid upgrades such as custom designs and ad-free presentations. However, not everyone has access to those upgrades due to limits on traditional payment networks such as PayPal, which is blocked in more than 60 countries, notes Andy Skelton, code wrangler at WordPress parent Automattic.

"Some are blocked for political reasons, some because of higher fraud rates, and some for other … Read more

Facebook sued over social-gaming currency

Kickflip has sued Facebook, claiming the social-networking giant broke antitrust laws in the social gaming currency market, according to a report.

The company, operating as virtual currency and payment-processing provider Gambit, said Facebook's decision in 2009 to offer its own similar services to developers killed a "vibrant and competitive market," according to federal court papers examined by Bloomberg.

Such a service allows gaming providers to issue currency to players in exchange for real money or advertising offers.

Kickflip's complaint says that Facebook marginalized its competitors by "blacklisting" Gambit and forcing developers to use only … Read more

'Star Wars' coins let you pay in Yodas

Following up on last year's popular launch of official "Star Wars" currency, the New Zealand Mint revealed a new set of coins featuring Queen Amidala, Yoda, Darth Maul, and Anakin from the epic sci-fi prequel trilogy.

The colorful 1.6-inch diameter coins work as $2 legal tender on the tiny South Pacific island country of Niue and individually contain one ounce of .999 silver. A ripple in the Force indicates that few people would probably actually spend these collectors' items, and if they do, they may get clubbed over the head by Yoda's cane. … Read more

Bitcoin exchange BitFloor shuttered after virtual heist

Bitcoin exchange BitFloor has shut down operations while it investigates the theft of nearly a quarter million dollars' worth of the virtual currency.

The heist occurred last night when an attacker accessed an unencrypted backup of wallet keys and made off with 24,000 BTC. This led BitFloor founder Roman Shtylman to suspend the exchange's operations. As of this writing, a Bitcoin is worth $10.40, making the heist's haul worth $249,600, according to Bitcoin converter Preev.

Shtylman revealed the break-in today in a Bitcoin Forum post that pleaded for Bitcoin users' help in resurrecting the exchange: … Read more

Bitcoin-based credit card reportedly due in two months

Bitcoin, the peer-to-peer currency that's been gaining in popularity, appears to be getting ready to take the leap from the digital world to the real world.

Exchange service BitInstant is creating a Bitcoin-funded card that would function as a standard debit/credit card and would be honored where ever MasterCard is accepted, according to the transcript of an interview allegedly conducted wth BitInstant co-founder Charlie Shrem. During the interview, published by Coding in My Sleep, Shrem says the card might launch within the next six to eight weeks.

The cards would be issued by a "major international bank&… Read more

Facebook's payment platform changes its currency

Facebook made a simple announcement today -- its virtual currency, "credits," is to become real currency, such as dollars, pounds, or rupees. Despite this being a seemingly straightforward notice, a lot can be read into this plan.

It points to the social network looking for additional ways to make money besides advertising and it shows the company's goal to grow as a payment platform embarking on a similar path to Apple with its iTunes store.

The idea of Facebook credits were first debuted in 2008 when the social network changed the monetary units for its "gifts&… Read more

Canada's newest coin glows in the dark

Canadian money authorities just can't sit still. Like a hyperactive kid, they have revamped Canadian cash, first introducing plastic bills and then killing the penny. Now they want people to play with glow-in-the-dark quarters.

The Royal Canadian Mint's latest collectible coin features a dinosaur whose skeleton shines at night from beneath its scaly hide.

It's actually two images on one face, which could be a world's first. The other side depicts Queen Elizabeth. Her Majesty does not glow in the dark. … Read more

XE Currency Converter for Chrome

Need quick access to a currency converter? Then maybe XE Currency Converter from Kurisu is the app for you. The free software is a Google Chrome add-on that accesses currency conversion information directly from XE.com.

XE Currency Converter, once installed, is very easy to use. Access is through Chrome's Productivity Tool Kit. The app has a very simple and very understandable interface. Just put in the amount and the currencies you want to use, click on the Convert button, and that's it, instant real-time currency conversion. Really a whole lot faster than going through the XE Web … Read more