Virtual Currency is used to purchase virtual goods or services in online setting like a social network or an an on-line game. Often, these virtual currencies can only be used to buy or sell goods in a virtual world or social gaming context, like Zynga.
Ven is different. It is a virtual currency "backed" by a basket of real-world currencies and can be traded like any real currency. You can (theoretically) trade dollars (or gold) for Ven, and vise versa. Ven is one of the first virtual currencies to be traded like a traditional currency in the real world.
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