Retail banks largely missed out on opportunities to develop on the internet financial services throughout the e-commerce revolution of the ‘90s. They may possibly be missing out again, this time within the realm of social media – except that now, the global on the internet virtual dollar marketplace can reach US billion in 2010, with Asia accounting for US billion, according to Engage Digital Media.
The size of financial transactions online is also increasing. In December 2009, a user of Entropia Universe’s game bought a virtual Crystal Palace Space Station for US0,000. This property presently holds the Guinness Record for the most pricey virtual world object.
Read more »