Second Life's First Credit Card

kidora

9-5-2007 11:14 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ccfc70c0-d9c4-4ab5-b7ab-0218d0e62b4d/FE647C3D-93EE-43E4-8BF0-DE41972EAC5F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.techcrunch.com/2007/09/04/metacard-the-worlds-first-virtual-world-credit-card/" href="http://www.techcrunch.com/2007/09/04/metacard-the-worlds-first-virtual-world-credit-card/" style="font-size: 11px;">www.techcrunch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2007/09/04/metacard-the-worlds-first-virtual-world-credit-card/"><P><A href="http://www.firstmeta.com"><IMG alt="metacard.jpg" class="shot2" src="http://www.techcrunch.com/wp-content/metacard.jpg" /></A>Singapore based <A href="http://www.firstmeta.com">FirstMeta<IMG src="http://i.ixnp.com/images/v2.20.1/t.gif" class="snap_preview_icon" id="snap_com_shot_link_icon" /></A> has launched MetaCard, a credit card for Second Life that is claimed to be the world’s first virtual world credit card.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2007/09/04/metacard-the-worlds-first-virtual-world-credit-card/"><P>The MetaCard works in the same way as a normal first life credit card works. Applicants are provided with a credit limit and present the card when purchasing goods at merchants who accept the card.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2007/09/04/metacard-the-worlds-first-virtual-world-credit-card/"><P>Although the amount of credit offered by FirstMeta is (in real life terms) rather low, it will be interesting to see how services like these develop in online worlds given that in effect they are financial services that would likely be subject to real life laws. Whilst Second Life companies such as the <A href="http://www.techcrunch.com/2007/08/20/betting-on-second-life-stock-exchanges/">World Stock Exchange</A> clearly state that they are in effect pretend outfits (ie: games), and therefore are not subject to real world laws, FirstMeta is actually providing credit that is tied to a real world account; in effect by securing their credit services they have crossed the line into the real world.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FE647C3D-93EE-43E4-8BF0-DE41972EAC5F/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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