March 12, 2008

Virtual banking shut down

Second life the virtual world where there are some weird and wonderful things going on, has been suffering from what can only be described as a financial crisis, a bit similar to the real world I suppose. But there have been rumours of some not very nice things going on in the island world that is said to be the home of money laundering, gambling and some other unspeakable things.

So in order to stop the rot, the entire banking of Second Life has been closed done effective immediately leaving all those second lifers with a bit of problem as there are some really good businesses running online, that really on the Linden Dollar to trade.

What happens now is anyone’s guess, but with the Linden Dollar being worth a fraction of a real dollar, in fact the last valuation was set at about SL$300 to US$1. So maybe there will be a few people who are sighing with relief as they can now start doing business with real money and real banks like the rest of us.

Source [Sarcastic Gamer]