IMVU credit exchange

Assemblage24 started the IMVU credit exchange in 2007. The trading platform facilitated the spot buying and spot selling of IMVU credits to the incumbent user base. The service offering created a means for the developer community to monetize their sales from virtual IMVU credits to real world currencies.

  • Operated from August 2007 till February 2014, (terminated due to prohibitive regulatory constraints in the USA)
  • Monetizing virtual currencies (IMVU credits)
  • Fully automated “Zero Touch” processing of thousands of transactions per month
  • First IMVU credit re-seller to integrate mobile payments
  • First IMVU credit re-seller to integrate crypto-currency payments
  • Payment channels included PayPal, Zong mobile, CashU and Crypto-currencies
  • Fully automated in world ATM exchange (Flash integration with IMVU client)

 

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Sadly IMVU decided to terminate the third party re-seller program in 2014 due to the regulation surrounding virtual currencies in the USA. The mandatory KYC and AML compliance coupled with FinCEN’s bit-licence made the business model cost prohibitive.

 

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