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Virtual world with a real economic system
05/08/2007
Innovation
Entropia is a virtual world with a real economic system. There is a fixed exchange rate
between its currency and the US dollar. It issues banking licences: five have
been auctioned off for 400,000 dollars. These licences will allow owners to do
business with the entire world. Owners can operate the banking services exclusively
for the first two years, loan money to Entropia participants and demand interest,
participate in the design of their banking establishment, use Entropia advertising
opportunities and conduct their own advertising through avatars that offer services.
How would this apply to you ? « Back to previous pagePerspective
The universe of virtual banking activities and v-banking is opening up. Second Life and Entropia are poised to become not only new communication channels, but especially distribution channels. One of the new challenges facing banks will be v-recruiting. The bank’s management and reputation in the virtual world have a real impact on real life. Investing in virtual worlds will become essential for financial establishments.
