I have been building a site for the last 6 months, for membership and rewards, called TagBond. At the moment it offers closed loop rewards currency, but we are working this week on adding wallets for convertible open loop currencies and crypto currencies will be the first to be added. We are based in the Philippines and going through the process of becoming EMI Licensed with the Central Bank (requires USD2.5m paid up capital), so we can issue our own currency that can be used in cashless transactions, either via the reward system or using NFC cards, bracelets, stickers, smartphones, or via SMS.
I am also building another site that co exists with TagBond, called TagCash - this site will use the same DB, and will enable micro transactions, escrow, merchant processing, and peer to peer sales and auctions of crypto currencies. Thinking through ideas now about to make web wallets more secure offline...
One of our options at the moment is creating a fully mined crypto currency that we sell as rewards points that can be used across all communities, exchanged for BTC, or LTC. I am not fully convinced this is worth it, but still considering it. The worlds first truly convertible rewards currency perhaps? Or do we just use what is out there already...
There is a full APi already up, and although it is a beta site, it is live, and we are making changes every couple of days to improve and add features. Any feedback most welcome, especially with regards to BitCoin and other currencies used as rewards. We also have a beta android mobile app up on the site, which we update every 2 or 3 days - one of the cool things you can do with the app is bind any RFID or NFC card to your online ID, your community or your tagvert using Samsung NFC or similar phones.
Some people may know of me as the founder and owner of vtc.com...
Anyway, any constructive criticism most welcome...
cheers
mark vernon
