Thursday, February 04, 2010

Give me some Kwedit!


I just read about this new company called Kwedit. After reading through the concept, I couldn't believe that there was nothing else like it out there with the rise of everything virtual. Kwedit is another virtual company - but instead of virtual gifts or goods, users get virtual credit and just like in real life, you will have a Kwedit Score.

The concept is really interesting and I think there is tremendous potential for it. It allows users to pay for goods using fake credit. If they actually pay off their credit balance, their credit score goes up, but if they don't, it goes down. There are no real consequences for not paying off your debts, so I am interested to see how many people actually go through with it. I am also interested in learning more about the revenue model, but I imagine it will be a combination of transaction fees as well as rev shares with companies like Zynga.


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