It’s A Video Game, It’s A Bank, It’s…

By Digital Trends Staff Updated October 25, 2009

If you want to see how the lines between the real and virtual worlds are becoming fainter, look no further than Sweden. There the game Entropia Universe has been granted a license to be a bank by the Swedish Financial Supervisory Authority, according to the BBC.

According to game developers Mindark, the banking system in the game should be fully functional within 12 months, with 10 Project Entropia Dollars (PEDs) currently going for $1 US.

So why the need for a bank in the game? Well, unlike many other online games, it doesn’t charge a subscription, and the software download is free. However, items within the game cost money, and the costs of those pay for running Entropia Universe. The banking license will make those transactions easier. The game will offer bank accounts that let users accumulate interest, and even pay bills and deposit their paychecks.

"We will be in a position to offer real bank services to the inhabitants of our virtual universe," said Jan Welter Timkrans, head of Mindark, in a statement.

Bring the game into the banking system means financial regulators can check it, in case criminals attempt to use it for money laundering, and that each account would be backed to the tune of $60,000.

Entropia Universe currently has 800,000 registered players, with up to 100,000 playing regularly. The company states that in 2008 there were $420 million in transactions in the game.

Digital Trends Staff

Digital Trends has a simple mission: to help readers easily understand how tech affects the way they live. We are your…

Gaming

How we test video game consoles

Living room with Microsoft Xbox Series X (L) and Sony PlayStation 5 home video game consoles alongside a television and soundbar.

For a long time, video game hardware cycles were pretty straightforward. You’d only have to worry about three major video game systems and a handheld or two at any given time. It was possible to own pretty much every major piece of gaming tech released in a generation without going into debt.

The gaming hardware landscape has significantly changed in the 2020s, though. You’ve got consoles and their frequent upgrades, VR headsets, handheld PCs, cloud-streaming devices, quirky indie hardware, and much more. It can be extremely difficult to keep track of it all and know what’s worth buying. Luckily, you don’t have to; we’re here to help.

Gaming

Grand Theft Auto V makes its surprise return to Xbox Game Pass today

A man drives away in a boat with stolen money in Grand Theft Auto 5 art.

Xbox Game Pass is kicking off July with a major surprise, as Grand Theft Auto V has returned to the service. Rockstar's sales juggernaut leads an otherwise light month for Game Pass, which brings Capcom's Exoprimal as a day-one launch.

This isn't the first time that Grand Theft Auto V has been on Game Pass. It was previously on the service circa 2021 but removed from it that August. Rockstar has a history of putting its games on Game Pass for a brief window before pulling it, as it also did with Red Dead Redemption 2.

Gaming

This July is a more exciting month for video games than you think

The player stands with Oatchi and some Red Pikmin in Pikmin 4.

July has a not-so-great reputation in the video game industry. It’s not often a time developers choose to release games as it’s nestled between spring’s release and reveal season and the holiday shopping rush. At a glance, July 2023 might seem like it fits that underwhelming description, with Pikmin 4 being the one big release following the delay of Immortals of Aveum. That said, those who look a bit deeper will find a month poised to be home to a ton of promising games of all shapes in sizes.
The Nintendo Switch is poised to have a strong month with two exclusives, some indies highlight the creativity of smaller teams, well-known franchises are making unexpected returns, and more. While you might not think you need to worry about new game releases until Armored Core VI: Flames of Rubicon launches this August, there are a lot of neat games to check out this July.
The big guns
Unlike some past July months, there are a few AAA releases that players should be keeping an eye out for this month. For fans of multiplayer games, Capcom will release its PvPvE dinosaur game Exoprimal on June 14, and from the beta we played last year, this is shaping up to be an exhilarating multiplayer game where you take on hordes of rampaging dinos in colorful, powerful mech suits. There’s also Disney Illusion Island, an enjoyable Metroidvania platformer starring Mickey Mouse that releases for Nintendo Switch on July 28.

On July 25, Remnant II will also follow up 2019’s sleeper hit Remnant: From the Ashes. I briefly played Remnant II at Summer Game Fest Play Days. While it wasn’t revolutionary, it looks like Gunfire Games will once again deliver on the novel idea of a procedurally generated Soulslike shooter.
The big ticket game for the month is Pikmin 4, the long-awaited fourth entry in Nintendo’s cute and sometimes horrifying alien real-time strategy series that comes out on July 21. Digital Trends’ Giovanni Colantonio called it a “pleasant return to the series that’s been streamlined in some welcome ways” in a preview, and you can already whet your appetite for this game by playing its free demo on Switch.
It’s not only the AAA game series making a grand return in July, though. Jagged Alliance 3, a turn-based military strategy game, will continue a series that hasn’t seen a new numbered entry since 1999 on July. Meanwhile, Dotemu is releasing a remake of Might & Magic: Clash of Heroes, a classic 2009 puzzle RPG for the Nintendo Switch, on July 20. Then there’s Double Dragon Gaiden: Rise of the Dragons, which revives the classic beat ‘em up series as a co-op roguelite. Night School Studio and Netflix will also release Oxenfree II: Lost Signals, a sequel to the critically acclaimed 2016 narrative-adventure horror game.
If you play many games, you’re bound to have a history with at least one of the series returning in some fashion this month. Those on the lookout for new, innovative experiences also have two indie games to keep an eye on.
Innovative indies
While games that bring back and revitalize the old are always welcome, so are ambitious games that try to push indies forward. One indie title that releases later this month has already done that during demos at shows like GDC and Summer Game Fest Play Days. That game is Viewfinder from Sad Owl Studios and Thunderful, which launches for PC and PS5 on July 18 and looks like one of the most creative first-person puzzle games since Portal.