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Virtual Reality Videogame Gets Real-World Banking License
By Brian Monroe
printSweden has granted a banking license for an Internet videogame that allows players to use real money to buy virtual goods, the first time such a license has been granted for online financial services. Swedish-based MindArk, maker of online multiplayer game "Entropia Universe," confirmed Thursday that Sweden's Financial Supervisory Authority granted their request last week to start an Internet-based bank that would allow users to more easily transact business in the game and retrieve their money outside of it, including with a debit card at any automatic teller machine. Mind Bank AB, which will offer up to $60,000 in Swedish...
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