Sections

MMO service granted banking license

MindArk to act as central bank to its virtual worlds platform Entropia Universe

MMO operator MindArk has been granted a banking license for its virtual world Entropia Universe, by the Swedish Financial Supervisory Authority.

MindArk says the move will allow it to act as a central bank for all variations of Entropia Universe and integrate the in-game economies with the real world.

"This is an exciting and important development for the future of all virtual worlds being built using the Entropia Platform," commented MindArk CEO, Jan Welter Timkrans.

"Together with our partner planet owner companies we will be in a position to offer real bank services to the inhabitants of our virtual universe."

Entropia Universe acts as a platform from which partners can launch virtual worlds within, with the focus being on microtransactions and virtual currency monetisation.

Related stories

Toys to games: How Mattel brings its brands to mobile

We speak to the firm's Jason Horowitz about seeking partnerships in the games industry

By James Batchelor

Horizon Zero Dawn: Critical Consensus

Guerrilla Games employs some familiar open-world tropes, but its visually spectacular new IP has emerged as an early contender for game of the year

By Matthew Handrahan

Latest comments

Sign in to contribute

Need an account? Register now.