Entropia Universe to auction virtual banking licences

Entropia Universe to auction virtual banking licences – Article found on finextra (09/01/07)

“The company behind Entropia Universe – an online role-playing game that has a real world cash economy – says it will auction five virtual banking licences that will allow financial firms to set up real world banking systems in the cyber universe.”

“Now MindArc, the Sweden-based company that developed Entropia, is offering banks two-year exclusive licenses that will enable them to set up operations in the online world. The licenses will be available through the public auction beginning mid January 2007.”

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Written by Christophe Langlois

Based in London, Christophe is an entertaining social media keynote speaker and a trusted advisor to the global financial services industry on the topics of social media, social business and digital innovation.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is 'Social Media Senior Managing Consultant' at IBM Interactive Experience. He's also a Digital Advisor at the Financial Services Forum and the Moller Centre (part of the Churchill College in Cambridge).

Christophe's views on are his own, not necessarily his employer's.

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