Mobile Payments is expected to be one of the key areas that is likely to see various start-ups compete with established players. We recently covered how Stripe, is a developer friendly way to integrate payments into your applications with less fees as compared to Paypal. Another startup, New York-based Zipmark aims to be your digital checkbook via which you can send and receive money.
VirWoX, the Virtual World Exchange for trading currencies in virtual worlds like Second Life, recently unveiled the VirWoX API. The API provides live access to real time quotes from the VirWoX marketplace, where the currency for Second Life, called Linden dollars, can be traded in several real-life currencies (see our VirWoX API profile for details). The Virtual World Exchange provides opportunities for Second Life members to buy and sell Linden dollars in U.S. dollars, Euros (EUR), UK pounds (GBP), and other currencies, potentially reducing the transaction costs for converting between real-life money and Linden dollars.