Startup providing “kwedit” to people without credit or debit cards

By Dan Lavie / May 20, 2010

Kwedit (pronounced qwe-dit) is a new startup. Its focus is to help teenagers and other people without credit or debit cards to buy virtual goods online. It works like credit: a buyer promises (Kwedit Promise) to pay later in order to get an item now. If the buyer keeps his (or her) promise, the buyer’s Kwedit score goes up. This will enable the buyer to borrow larger amounts of money. If, on the other hand, a buyer doesn’t fulfill his/her…

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