Enabling Green Digital Currency Payments for All
Hub Culture HubID digital identi
Hub Culture is an online collaboration network managing a set of digital tools to enable human progress. It launched the Ven digital currency in 2007 as an asset backed closed loop network currency, and in 2009 diversified the underlying to include carbon, making it the world’s most stable currency and the only currency partially backed by carbon. Learn more about Ven at https://Ven.vc
The APIs are part of a technical development initiative enabled by the Bill & Melinda Gates Foundation Global Grand Challenges programme to enable digital currency systems for merchants and the global poor. The new technologies include pricing, transfer, identity and history mechanisms to allow 3rd parties to develop transfer capabilities using the Ven Vast Closed Loop – a parallel payment mechanism designed to enable node-to-node payments across the Internet. Once integrated
The APIs fragment this process to allow developers, banks and other financial institutions the ability to process Ven network payments inside their own ecosystem, with the core transaction still taking place in the Ven loop.
Access to the APIs is available to anyone via https://api.hubculture.com
The APIs also form the technical core of a Hub Culture proposal initiative for the Federal Reserve Faster Payments Taskforce, an on-going committee review of real-time payment solutions in development for the US market.