http://www.entropiaforum.com/forums/mindark-news/146648-mindbank.html

http://www.msnbc.msn.com/id/29755068/


A quick summary of Entropia Universe. MindArk is the company behind Entropia Universe. They have recently moved to allow their product to be licensed as a platform. So any person or group of people can created their own MMO by licensing Mindark's platform. First Plant Calypso is the spin-off company that is controlling the planet/game that used to be Project Entropia.

In the Entropia Universe players transfer real world dollars into the game in exchange for virtual dollars (PEDs) at a rate of 10 PEDs to 1 U.S. dollar. With these funds players can buy armor, weapons, ammo, mining equipment, etc. Players who profit can withdraw their money if desired.

By opening a real world bank Mindark is facilitating the process of transferring money. In addition, players will be able to secure debit cards. This will allow a person to buy a real world item using their virtual currency.

Interesting stuff indeed.

With all that has gone on in the international banking of this past year, I am kinda surprised that they would get the go ahead. But I have to give them props for taking the initiative and moving forward with it. I am going to watch this with interest. It has the chance to be very historical in the finance world in 10 years, or it could end up a massive joke to be laughed at.

Great post, I never would have seen this had it not been posted here.