More detail: https://ohiobitcoin.com/coins/virtacoin
VirtaCoin (Symbol: VTA) is a trial new virtual currency which enables immediate payments to anyone from everywhere. Based on the peer-to-peer technology, transactions with this coin will have no intervention of central authority. The network executes the controlling transactions collectively and issuing money. VirtaCoin Core is an open source software that enables the use of this coin. Thanks to the achievement of bitcoin, the door for widespread acceptance of virtual currencies has been opened to the team, including VirtaPay. bitcoin has proven to people that a digital currency can be more profitable than fiat currency given by the central state bank. Until recently, if users wanted to do business, they were forced to take part in the old, corrupt financial system but now, they have another choice. VirtaPay is following bitcoin’s example; the team members are planning to migrate the technical framework of the VirtaPay currency to a digital currency similar to bitcoin. In other words, the VirtaPay currency will have these following features: decentralization, mathematically short amount of currency, community-driven currency.