Hub Culture Opens Developer Portal
26th Feb 2014
The Hub Culture Developer Portal opens new doors for the development of Ven pricing and trading information worldwide, and are the first in a set of tools coming in 2014 to help the software development community take better advantage of the benefits provided with Ven.
In order to make Ven more accessible, Hub Culture authorizes independent entities known as “Authorities” to manage the liquidity of Ven. Organizations may acquire this status for various purposes. For example, a bank would typically operate accounts on behalf of their customers. A currency exchange would be doing real-time currency trading. An NGO might issue relief aid or micro-finance support. A corporation might convert assets to Ven to hedge their balance sheet or to meet carbon obligations. An investment fund might use authority status to hold and control large amount of Ven for a stable long-term investment solution.