Ven

DEFINITION of 'Ven'

A virtual currency used by members of the social network Hub Culture for the purchase of goods and services. Ven's value is derived from a basket of currencies and financial instruments, and it trades according to a floating exchange rate on the internet and in retail stores.

BREAKING DOWN 'Ven'

Ven was launched in 2007. It can be traded peer-to-peer without the use of a currency exchange. A certain portion of its value is based on carbon credits and because it is not a physical currency, it is touted as being "green currency."

RELATED TERMS
  1. Currency

    Currency is a generally accepted form of money, including coins ...
  2. Barter

    The act of trading goods and services between two or more parties ...
  3. Ithaca HOURS

    A local currency used in Ithaca, New York,, and pegged at $1 ...
  4. Medium Of Exchange

    An intermediary instrument used to facilitate the sale, purchase ...
  5. Hard Currency

    A currency, usually from a highly industrialized country, that ...
  6. Money

    An officially-issued legal tender generally consisting of currency ...
Related Articles
  1. Forex Education

    The History Of Money: From Barter To Banknotes

    Money has been a part of human history for at least 3,000 years. Learn how it evolved.
  2. Forex Education

    The History Of Money: Currency Wars

    Find out how conflicts have changed the role money plays in our lives.
  3. Forex Education

    History Of Coinage In The U.S.

    From the barter system to commemorative coins, we look at the history of U.S. money.
  4. Economics

    What Is Money?

    It's a part of everyone's life, and we all want it, but do you know how it gains value and how it is created?
  5. Budgeting

    Bark Box Review: Is It Worth It?

    Find out if BarkBox, the leading e-commerce subscription service for monthly doggie surprise boxes of treats and toys, is worth all the hype.
  6. Budgeting

    Blue Apron Review: Is It Worth It?

    Read about one of the top meal-kit delivery services in the United States, and learn more about what it offers and how much it costs.
  7. Investing News

    3 Amazon Business Segments to Watch in 2016

    We'll look at three divisions of Amazon that are likely to perform well in 2016.
  8. Budgeting

    Bespoke Post Review: Is It Worth It?

    Find out if Bespoke Post, the fast-growing, e-commerce subscription service for men's lifestyle and grooming products, is worth all of the hype in this review.
  9. Stock Analysis

    3 Predictions for Amazon in 2016 (AMZN)

    Learn the top three predictions for Amazon in 2016 as the company comes off an exceptional year in terms of revenue and expands into new markets.
  10. Stock Analysis

    5 Reasons Alibaba's Earnings Disappointed in 2015 (BABA)

    Look at the reasons why Alibaba's earnings disappointed in 2015, including weak economic growth, the soft renminbi and allegations of counterfeit products.
RELATED FAQS
  1. Does QVC charge sales tax?

    QVC, an American TV network, is registered with states to collect sales or use tax on taxable items. QVC is also required ... Read Full Answer >>
  2. Does Walmart take international credit cards?

    Foreign visitors to Walmart locations in the United States can use their credit cards issued by banks outside of the U.S. ... Read Full Answer >>
  3. Is QVC publicly traded? (QVCA, QVCB)

    QVC, Inc., is a wholly owned subsidiary of Liberty Interactive Corporation. It is attributed to the QVC Group tracking stock, ... Read Full Answer >>
  4. How can I invest in electronic retailing (e-tailing)? (AMZN, W)

    Electronic retail is one of the fastest growing segments of the economy. Every year, more people are choosing to purchase ... Read Full Answer >>
  5. What countries represent the largest portion of the global retail sector?

    The United States and China are the world's largest and second-largest retail markets, respectively, by total retail sales. ... Read Full Answer >>
  6. How has electronic retailing (e-tailing) changed the consumer discretionary goods ...

    Electronic retailing has changed the consumer discretionary goods sector by increasing price transparency and product information. ... Read Full Answer >>
Hot Definitions
  1. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  2. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  3. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  4. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  5. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
Trading Center