Virtual money: the next big thing in the payments market?

A recent report by APACS, the UK's Association for Payment Clearing Services, found that plastic card payments had trebled since 1996, with card payments in retail exceeding cash payments for the first time in 2005. However, the increasing popularity of electronic money is not the only trend to watch; virtual money could soon become an important player in the field of payments too.

Read Full Story >>
The story is too old to be commented.
Mr_Kuwabara3788d ago

They gave on the Discovery Channel a while back a documentary about Second Life and I was amazed on how people were really.. obsessed with the game. You have the ability to make a house and what not and sell it, but the thing is that people would actually spend thousands of dollars (real money) on fake property. I mean really WTF?!