At last! For quite a long period of time we haven't heard from Virtapay, there was no news and no updates. And today some clarifications were eventually made. As I've predicted and said many times before, this was exactly a lull before the storm...
VirtaPay is alive and well and ready to push into new territories. In their latest blog post, Virtapay apologized for not contacting us, the Virtapay users, for so long and explained the whole issue. The point was that they had released the new Open Payments framework and the API and wanted to let all the things run for a while for itself. All this time they were closely observing how Virtapay API and open payments were going and developing from day to day. They watched for any problems and issues that arose on the way and fixed them while we were not even aware of this.
At the same time Virtapay was working behind the scenes on new plans for moving the whole system forward. And now they are ready to announce the final step! Meaning they are ready to start working to bring the Virtapay currency into worldwide acceptance as a universal payment method! Bingo!
What can we expect now from achieving this final stage?
1) You will be able to spend your Virtapay balance as you would any other world currency on any product or service available online, and eventually even offline.
2) You will be able to exchange your VirtaPay balance freely into or out of any world currency of your choice.
They also said that more details were coming soon. Here's their [original blog post].
So be ready to benefit from all these changes in a short time. Your Virtapay currency soon will be fully acceptable as well as exchangeable. You won't be beating your brains where to spend Virtapay currency you have and how to exchange it (convert it) into any other one!