PapayaMobile was founded in 2008 by two friends, Si Shen and Qian Wenjie, who met in the Computer Science Department at Tsinghua University. Si Shen worked on the Google mobile team for 5 years before deciding to team up with Qian Wenjie to start their own social mobile gaming company together. Papaya mobile is headquartered in Beijing and has an office in Menlo Park, California.
PapayaMobile is an open mobile social network for Android focused on casual gaming and virtual currency. Papaya offers developers a fast and easy way to reach millions of users worldwide and improve their return on investment for Android game development.
Android users love Papaya because they can play multiple games and get a complete social gaming experience all in one, easy to download and use app.
Virtual currency (or in-game currency depending on environment) is used to purchase virtual goods within a variety of online communities; which include social networking websites, virtual worlds and online gaming sites. A key revenue driver within social media, virtual currencies are specific within each game and are used to purchase in-game goods. Characters or avatars in virtual worlds own things within the context of the virtual world and users will collect each games’ virtual currency to purchase land, supplies and various items used to enhance their status and add points. Some virtual currencies are time-based, relying upon measurement of in-game achievements in order to accrue exchangeable points.
The word virtual currency or cyber currency is also often used, in a more broad sense, to indicate electronic money, that is not contractually backed by tangible assets nor by legal tender laws, and which is not a tangible commodity itself. Examples are peer-to-peer crypto-currencies like bitcoin and the above mentioned in-game currencies that are backed by virtual goods.
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- papaya electronic money