Think AOL, Pets.com, Beenz
(a virtual currency--sound familiar?), and Global Crossing, to name a few.
, launched in 1998, offered a system of credits that could be earned by completing online tasks, such as shopping or visiting websites.
And failed virtual currencies such as Beenz
and Flooz preeeded the success of Biteoin.
From credit card reward points and airline miles to dotcombust casualty Beenz
and Second Life's Linden Dollars, virtual currencies have been in existence in one form or another for more than 40 years.
Letts has run a string of high-profile web ventures operating across the US and Europe, including an established Silicon Valley venture, overseeing the creation of one of the world's first fledgling forms of internet currencies, beenz
Earlier, he was president, COO and director of beenz
.com in New York and London where he led global operations and strategy as well as managing director and COO, Investment Banking-Americas for ING Barings/Furman Selz in New York.
Virtual money, like Cyberbuck (Digicash) or Beenz
, were pure electronic currencies.
A piglet born in Croatia with six legs and two penises has beenz
We said goodbye to Sportal, Beenz
, Excite, Gameplay and Worldpop while others like 365 and QXL looked increasingly shaky.
UK Smart, the company behind the Smartcreds online currency, has launched a special offer for users of beenz
Other Points.com partners include Air Canada, American Airlines, America West Airlines, Midwest Express Airlines, beenz
.com, ClickRewards, GiftCertificates.com, LoyaltyTravel, PhoneHog.com and RewardStream.