'Entropia Universe' Allows Transfer of Virtual Funds Into Real Money |
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| Submitted by thankeeka on May 3, 2006 - 1:33pm. | Game News | ||
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Entropia Universe, the fastest growing virtual world utilizing a real cash economy, today announces the introduction of an ATM card system that connects directly with real-world Versatel machines internationally, for easy access to the conversion between virtual and physical currency. This groundbreaking development allows Entropia members to conveniently access virtual PED (Project Entropia dollars) and transfer it into "real" cash. The implementation of the system is just another benefit of the built-in "real cash economy" of Entropia Universe. An Entropia Universe participant can acquire the ATM card from MindArk, the developer of Entropia Universe. The card is associated with the participants' Entropia Universe account (similar to a bank account), allowing one to efficiently and securely access funds to make a withdrawal of virtual money (Project Entropia Dollars) in real life currency using any Versatel machine around the world. All of the features of transferring, withdrawing, depositing, viewing account balances and more are available with this virtual ATM system. This innovative service for Entropia Universe members provides true economic freedom and puts them one step closer to bridging the gap between the virtual and real world.
Entropia Universe is the only virtual gaming community that actively supports sales of virtual products with actual cash value within its real economy system. The economy offers the user a secure and safe way to make purchases, sales and exchange real-life currency into PED (Project Entropia Dollars) and back again into real money, at a fixed exchange rate to the US Dollar. PED allows members to invest in personal development and growth through the acquisition of goods, buildings, and land in the virtual universe. In 2005, the Entropia Universe turnover was an estimated $165,000,000 million US dollars.
The heart of Entropia Universe lies in a distant planet named Calypso, encompassing two continents with large expanding cities that offer a variety of entertainment and social interaction for its citizens. Members of Entropia can create their own persona (avatar) via a character generation system, then having the option of choosing a suitable life and virtual existence for their avatar. Characters are able to enter the evolving world full of unexplored and uncultivated lands where they can join a community or even create a civilization of their own. Entropia Universe offers a new way for individuals to pursue dreams and fantasies through an adventurous virtual experience. In December 2004, Entropia Universe set a world record, certified by the Guinness Book of World Records, when it sold a virtual Treasure Island for $26,500 USD as the largest virtual dollar amount spent, to 22-year old Australian David Storey, a.k.a. "Deathifier." The recent sale of the Space Resort for $100,000 USD to famed gamer, Jon 'NEVERDIE' Jacobs, sets a new record for the most valuable virtual item.
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