Summary: It’s been a while since we last made significant announcements and changes for VirtaPay. In this blog post we share some new changes and tell you what’s been happening. But, most importantly, we want to share this news — VirtaPay is back on track with exciting plans for the future! Recent Changes Here are a few recent changes to the VirtaPay website… Debit card plans cancelled. We have dropped our plans to introduce a VirtaPay debit card....

Recap for new VirtaPay users: In part 1 of this blog post series, we covered some of the events of the global economic crisis. In part 2, we explained who gets hurt most by the crisis. In part 3, we detailed the growing energy crisis, its root causes and where it appears to be headed. In part 4 of our Global Crisis blog post series, we are going to look at the coming food shortage. The global food shortage In our research of the global economic crisis, we discovered many...

Note: This is a fairly long blog post. You may want to take a minute to grab a refreshing drink, then sit back, relax and enjoy part 2 of our blog post series on the Global Crisis. Recap: In our last blog post we covered some of the events of the global economic crisis. We mentioned how these events were just the tip of the iceberg, and that the root problems are seated much, much deeper than most people are aware. As you’ll learn in this Global Crisis blog post series, the...

About the debit card system As you may know, we are planning a debit card system which will allow you to spend your VirtaPay balance with any merchant worldwide where VirtaPay payments are accepted. In addition, it may be used for any type of legal goods or services—not just digital items. Progress continues We are very excited to see continued steady progress toward the time when we begin testing our planned debit card system. As mentioned in previous blog...

The Financial Crisis and Global Recession As you likely know, the world is in the midst of a global recession. It started with the burst of the U.S. housing bubble in late 2007. It then quickly spread into a global financial crisis which included the collapse of several major banks, but this was just the beginning. Despite repeated attempts by politicians and central banks to reverse the situation, it has only grown worse. It is considered by many economists to be the worst financial crisis...

Active User Target is Now Set In the first phase of the master plan we are working to increase the number of active users on the VirtaPay website. Unfortunately, the VirtaPay user count can be inflated and distorted by people who create multiple fake accounts. Therefore, we will only count Premium members toward our active user target. For VirtaPay to become a worldwide, universal payment method, we must be ready to accommodate millions of users. We are preparing to have 5 to 10...

There is a matter we would like to clear up before we go any further with our current plans. It’s concerning the past and future of the VirtaPay API. API History up to Today Several months ago, before creating the master plan, we were developing the VirtaPay API. As part of the API system, we had hoped to allow VirtaPay Premium members to earn commissions from the API. After monitoring the API as it ran for several months, we realized that the demand for the API was much less...

It’s been a while since our last post — please accept our sincere apologies. Don’t worry, VirtaPay is alive and well and ready to push into new territories. Where we’ve been… Once we released the new Open Payments framework and the API, we wanted to let things run for a while as we watched for any problems or issues that may have arisen. We are happy to report that everything is running smoothly with both Open Payments and the API. During these past months, we...

“Open payments” are now live. What does this mean for you? Open payments allow you to request payment from VirtaPay buyers using a new type of pay button. How do Open Payments work? As covered in the last blog post, open payments are different from the existing system—here’s how… Create unlimited “buy now” buttons. Not listed on the VirtaPay Buy page. Not limited to digital items. All legal products and services are allowed. Not...

The new API is now ready for testing. As we have mentioned in previous blog posts, we expect the API to open the door to new web services that will integrate VirtaPay payments. Who is the API for? How do I use it? To get a better understanding of the API, who it’s for and how to use it, visit the API Details page. To create your own API key, visit the API Access page. IMPORTANT: The API is intended for users who know how to program web services. If you choose to...

Premium membership is now available! Becoming a Premium member gives additional benefits above and beyond what standard VirtaPay members already have. What does Premium membership include? Premium members get the following benefits: Ad Sharing. Actually, by activating Ad Sharing, your account is automatically upgraded to Premium membership. Note: If you have already activated Ad Sharing, your account is now upgraded to full Premium membership. Increased VP$. Premium...

VirtaPay is nearly a year old now and we are happy to announce that we will soon be ready to open the VirtaPay currency to be used by all sorts of new outside web services. In preparation for this we will soon make Premium membership available to VirtaPay users who are interested. What is Premium Membership? Premium membership is for VirtaPay users who want to earn long-term profits from VirtaPay. These profits will come from the launch of new web services based on the VirtaPay currency, and...