We Make Money Not Art reports that a massive multiplayer online game has taken the next step in translating virtual currency into real money:
A card that gamers can use at cash machines around the world to convert virtual dollars into real currency has been launched.
The card is offered by the developers of Project Entropia.... The Entropia economy works by allowing gamers to exchange real currency for Project Entropia Dollars (PEDs) and back again into real money. Gamers can earn cash by accumulating PEDs via the acquisition of goods, buildings and land.
The new cash card allows people to access their virtually acquired PEDs and convert them into real world money at any cash machine in the world. The card, issued by MindArk, is associated with the players Entropia Universe account and has all of the features of a real world bank account: players can transfer, withdraw, deposit and even view account balances using the system.
It'll be interesting to see how well it works.
Update, 18 May 2006. Apparently, MindArk went after Dan Hunter after he criticized the card.
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Posted by: tim | August 01, 2007 at 04:50 PM