Monday, 2nd November, 2009 at 16:42
Founder explains: Stan Stalnaker of Hub Culture
Stan Stalnaker, Founder and Creative Director of Hub Culture, explains why Hub Culture started a new digital virtual currency - Ven.
The world has undergone several large financial shocks in recent years that have changed the landscape of credit and our perception of the finance industry. While severe, these shocks have helped to cloud views on a much larger shift underway that is led by technology. Much in the way that communications have been flattened and democratized by the Internet, signs are emerging that the same forces are beginning to reshape our relationship with banking and finance, maybe even the concept of money itself.
As new technology accelerates in a continuing credit crunch, a realization among influentials that peer-to-peer finance can offer solutions is gaining ground. Hub Culture is helping to change the relationship of its members by creating and sharing a digital virtual currency, Ven (video), which is the accepted tender at its Pavilions - emerging now around the world.
“The Coming Currency Revolution” video on WSJ.com