Twice as many grids are using Gloebits than Podex

Mobius Grid has implemented Gloebits grid-wide. (Image courtesy Serra Royale.)
Twice as many grids now use Gloebit-powered payments compared to an older service, Podex, due to Gloebit’s easier set up and overall lower costs.
Gloebits reports that it now has close to 2,000 account users and is on more than 50 grids, and the cumulative value of transactions reached more than $10,000 last month.
Podex is implemented at 25 grids according to its owner, but only 24 are listed as options on its currency exchange page, and four of those are closed — Island Oasis, Venture Worldz, Sinful Grid and Konk Grid. Podex does not release any transaction data.
But the biggest advantage that Gloebit has over Podex is that it is universal. A single wallet can be used for shopping on any participating grid by either hypergrid teleporting over, or connecting multiple avatars to the same Gloebit account. And if one grid closes, the currency can still be used on all the other grids.
Podex supports single-grid currencies, which puts more control in the hands of the grid owners, but also makes it difficult for users to shop on multiple grids. Users have to buy multiple currencies, or use the Podex website to convert one currency to another.
On the other hand, Podex doesn’t collect a fee on individual transactions — Gloebit charges two percent. This has been a sticking point for some users considering Gloebit, while others say that they don’t mind because the overall costs are still lower and because it encourages grids to promote more commerce on their grids, since they get a share of those commissions.
Gloebitsville in Tangle grid has free shops available. (Image courtesy Tangle grid.)
Several grids also support both currency options, including DigiWorldz, Great Canadian Grid, Discovery Grid, 3rd Life Grid, Baller Nation, and Dynamic Worldz.
Overall, content creators and merchants get a better deal with Gloebits, former ZanGrid owner Suzan de Koning-Moennink told Hypergrid Business.
Suzan De Konning
“When someone sells something that is costing 100 Gloebit, the creator will get 98 Gloebit,” she said. “Are we really making a fuss about two Gloebits — 0.784 cents? At the end, when we deduct fees for PayPal, fees for Gloebit and fees for grid owner, when the creator sells for 1000 Gloebits, he or she will lose 16 cents but when they sell 1000 Podex coins they will lose 80 cents.”
Now that she is running her Orchid Heights regions on the DigiWorldz grid, which offers region owners the choice of opting for Gloebits or Podex, she ran a test.
“I calculated the advantages of Gloebit above Podex,” she said. “For example, when I exchange in DigiWorldz 1,000 Podex coins into US dollars, I get $3.20 in my PayPal account. When I change 1,000 Gloebit into US dollars I get $3.92 on my PayPal. This is a difference of 72 cents.”
Grid owners who opt for Gloebit doesn’t get the benefit of being able to make money from selling their own currency — but they do get 1 percent commission on every transaction.
That could motivate the grid owner to promote Gloebits and offer more support for creators, she says.
ZanGrid, the grid she ran until she closed it down late last year, was one of the first grids to implement Gloebit and had the first hypergrid shopping mall.
“People from hypergrid visit us and shop there,” she said. “I think this is wonderful. A big improvement. Creators do not have to have separate shops on all different grids. It saves them time to maintain and they can spend more time in real life or creating. How inconvenient it would be if you being an American citizen have to put money on different banks in the states you like to visit only to be able to spend money in the state you visit. So why would we want this for OpenSim?”
Of course, region or grid owners who opt for Gloebit doesn’t have to accept hypergrid visitors if they don’t want to, she added.
“Gloebit only makes it possible for people from other grids to shop elsewhere and take their items back to their home grid, but this is all up to the creator,” she said.
Pirate’s Atoll visitor center. (Image courtesy Pirate’s Atoll.)
Another enclave on DigiWorldz that was once its own grid is Pirate’s Atoll, and the owner announced a move from Podex to Gloebit earlier this month.
“Transitioning to Gloebit was super easy,” wrote John Simmons, also known as Strannik Zipper in-world. Simmons is a fan of the Bitcoin cryptocurrency, and users used to be able to convert Podex to Bitcoin on the YrGrid, but that connection is now gone. Plus, Podex has high exchange rates, he added.
“Gloebit is making a lot of headway in becoming a standard currency in the hypergrid,” he said. “They have stated their intent to allow cashouts in Bitcoin, barring a few technical difficulties.”
Now that he’s switched over, he was able to tip another artist on another grid without using PayPal, he said, “which is something that was not previously possible for me. That was a win.”
Other grids have also made the switch.
Ginza shopping region on The Kaz Grid. (Image courtesy The Kaz Grid.)
The Kaz Grid started out running its own currency system, using the TUIS DTL Money Server. It worked well, but its was limited to just that one grid, and hypergrid visitors couldn’t come in and spend money.
“In addition, it was a really hard system to set up, and when I upgraded to 0.9.0 there was not a TUIS DTL Money Server ready for this version,” grid owner Kazuko Yoshida told Hypergrid Business. “Then Gloebits came and it was very simple — just add one DLL file into the Bin folder, set the INIs up and it’s all go.”
For grid owners who don’t know what that means because they had someone else do their setup for them, they can ask their technology expert — or hosting provider — to make the change. Or, if they want to do it themselves, Gloebit will help them through the process.
Plus, users can have test regions where transactions

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