Second Life introduces euro currency exchange for virtual residents

Second Life introduces euro currency exchange for virtual residents

E-payments specialist GlobalCollect and DX Exchange have teamed to enable residents of virtual world Second Life to exchange euros for in-game Linden dollars online.

Using GlobalCollect's WebCollect e-payments platform, Dutch and German residents can convert euros into Second Life currency by direct debit.

In Germany, users can also use Giropay, Paysafecard, Ukash and Wallie. In the Netherlands they can use iDeal, Paysafecard, Ukash, and Wallie.

The firms say they plan to extend the service to France, Belgium and other European countries in the future as well as add British pounds.

Jan Manten, CEO of GlobalCollect, says: "We've already been servicing credit card transactions in US dollars for Second Life since April 2007. Thanks to the collaboration with DX Exchange we can now expand this service to include European currencies and a wide choice of popular local payment methods."

Manten says the company also offers fraud screening services.

According to the Second Life site, there are about 250 Linden dollars to one of its US counterpart. There are 5,323,483,566 Linden dollars in circulation and 419,198 people made 22,396,700 in-world transactions in October.

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