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New BusinessRealLife Dollars Buy InGame Currency Steven Golden Will people pay real dollars for virtual money to help their virtual characters buy in-game goods? One gamer, who goes by the screen name Haylo, said he spent $10 to $20 real dollars a month on in-game platinum(all nonexistent, of course) to buy weapons and other goods in Dark Age of Camelot (DAOC), but would spend more if he could afford it. Most video games have some form of currency. In many ways, the in-game economy is similar to a real world economy - goods and services are traded to mutual advantage and are mediated in currency (platinum, gold, credit,etc.). "With all the things you can buy in game," a gamer said, "it's hard not to want them, just like real-life... [ Read Article ]

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News Asian currencies rose for a fifth week, led by Taiwan’s dollar, as foreign investors poured money into the region amid optimism the global economy is recovering. Read More ... Asian currencies snapped a four-day advance on concern recent gains underestimated the risks to global growth from Europe’s still unresolved debt crisis. Read More ... A growing number of states are seeking shiny new currencies made of silver and gold. Read More ... A growing number of states are seeking shiny new currencies made of silver and gold. Read More ... A benchmark tracking the dollar gains, taking back some recent losses, while the euro sees modest pressure as Greece once more scrambles to strike an agreement with the ‘troika’ of international creditors. Read More ...

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