Create Your Own Currency With Flipcash

Our portfolio company Flipcash shipped a product last month that does something pretty interesting. It takes a little bit from three well-understood crypto concepts and combines them into something new. Like memecoins, anyone can create a new crypto asset in Flipcash. But unlike memecoins, these assets have a reserve and are price-stabilized at their initial value, meaning they can't go all the way to zero. And like Bitcoin, there is a fixed supply of each of them.<br>The Flipcash website does a good job of explaining all of this as you scroll down the page.<br>Unlike stablecoins, these currencies can and do appreciate. The more they are accumulated, the higher the price goes.<br>And you can use these currencies to send/pay others.<br>I like to think of it as "Venmo With Upside".<br>A bunch of currencies have been created in the app and a few have grown their values above $100k already.<br>Some of my favorite currencies are DadCash for dads that hang out together to pay each other and BadBoys for "people who believe basketball should be played the Detroit way".<br>There are onramps available for ApplePay and GooglePay using debit cards and they are working on offramps now.<br>The idea is anything you use Venmo for, you can use Flipcash for. But when you use Flipcash, you can enjoy currency appreciation (and depreciation of course).<br>I am excited to use it for betting with friends on sports and golf and other stuff.<br>If you want to try it you can download it from the Flipcash website.

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