virtual currency
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Razer makes virtual currency push with $20M investment in Asian payment firm
Razer has invested close to $20 million into Malaysia-based online payment firm MOL Global as part of a push to establish its virtual currency for gamers in Asia. The deal sees Razer subsidiary ZV-Midas buy equity from existing backers MOL Investment and Hotel Resort Enterprise in a deal that values the MOL Global business at around the $100 million mark. Gaming company Razer, which made… Read More
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Study of Candy Crush players finds virtual currency buyers don’t go for upsells
The upsell we all fall for at fast food joints and places like Costco doesn’t seem to work on purchasers of in-game currencies, according to a study conducted on millions of Candy Crush players. Turns out the decision to buy fictional bars of gold isn’t quite rational, economically speaking. Who would have thought? Read More
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Twitch makes cheering exchange rate clear: one penny per bit for streamers
Twitch announced Monday that users would soon be able to “cheer” their favorite streamers — in the form of expendable emoji purchasable with real-world money. Details were rather scarce so I pressed them — and then, almost certainly unrelated to that, the company provided more details. (It’s a penny per bit.) Read More
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