IQ News: Company Plots Virtual Currency for Teens

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A new San Francisco-based Internet company, Cybermoola, is looking to help credit-crunched teens to buy things on the Web without a credit card.
Cybermoola cards, which function similarly to the prepaid phone cards that have become wallet staples, will be available at grocery stores and other retail outlets, including brick and mortar versions of online Cybermoola merchants. As with prepaid phone cards, Cybermoola cards can be co-branded.
People interested in using the service can log on to the Web site and set up an account.




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