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.”

What do you think?

Written by Christophe Langlois

Based in London for almost a decade, Christophe is an entertaining fintech marketing keynote speaker and a trusted advisor to the global financial services industry on the topics of digital marketing, innovation and B2B social media.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is advising a number of fintech startups on marketing and growth hacking and he is the Chief Marketing Officer of The Fintech Power 50, an exclusive annual programme helping fintech scale-ups to accelerate their growth globally.

Christophe's views on are his own.

ING creates Dutch ‘mini-state’ in Second Life

Fears of brand damage scaring banks away from Web 2.0