MX2 Opens To International Trade

MX2, the long-awaited replacement for PHP MicroXchange, opened to international trade today. MX2 already has ten member nations signed up, and represents months of programming and testing by its creators, Sander Dieleman and Jouker Sendler.

Some new operating restrictions are in force in order to prevent possible misuse of the system. Firstly, no user may initiate more than 5 international transactions within a period of two hours, and secondly, no more than 15% of a nation's circulating money may be transferred abroad every week.

Jouker Sendler, who also hosts MX2, said: "We hope that these limits will not be too restrictive. However, they might be reviewed and changed if necessary. So anyone who cannot transfer money because of these restrictions should post that information in the MX2 Forums, explaining why they think the restrictions should be changed."

Micronational economics has been in the doldrums for many months, mainly due to the absence of any viable operating system, so it will be interesting to see if MX2 can revive demand back to the levels seen in the days of the old ICEO. Certainly the automation of transactions, developed from the initial system in Sander Dieleman's PHP MicroXchange, should help.