Hub / Ven - Social Currency / News / Ven is Social Currency
Ven is a virtual currency used by members of Hub Culture to buy, share and trade knowledge, goods and services with anyone in the network and can be spent at any Hub Culture Pavilion.
The currency is currently linked to the U.S. dollar at a rate of 10 Ven to the dollar and trades against other major currencies at floating exchange rates.
Ven first appeared as an application in Facebook on 4 July, 2007. In late 2008, it became tradeable to anyone with an email address, making it the first global digital currency to move from an online social network into the real world.
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