Virtual bank for virtual reality - Create virtual currenc...
Virtual bank for virtual reality - Create virtual currency that can be used in all virtual reality and game spaces
Idea Description
Create a single unit of virtual currency that can be used universally by all virtual realities and games. Allow people to purchase and sell the currency so that it can be used to pay for virtual services and people can be gainfully employed in virtual worlds. The virtual bank makes money the same way a normal bank does, by holding and lending out the real money which is "on deposit" in essence while the consumer is in possession of the virtual currency units. This is more efficient for consumers and relieves the virtual worlds of fraud concerns and regulatory issues.
What will you do if you win $10,000 for this idea?
Setting up a partnership to borrow a charter from a Silicon Valley credit union. Reviewing plans with the OCC to ensure adequate buy in from regulatory agencies, and buying hardware to begin building out the environment and software to create the virtual bank.
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Q1: Will Second Life and World of Warcraft support this? My hope is that greater efficiency in terms of fraud would make this win-win for the virtual realities and games. Also, a virtual bank could do things like lend virtual money which could expand the virtual economies. 

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I like your idea; I want to improve your odds of getting funding I will vote for your idea if you will vote for mine. My idea is for a web site that raises money for inventors and entrepreneurs called New Idea website Check out my idea blob submission and visit New Idea Website and see what I can do for you. http://www.ideablob.com/ideas/4060-NEW-IDEA-WEBSITE The need for jobs is one of the biggest problems that a democratic government faces because creating jobs is an unwanted byproduct of business and industry. The reason I say its unwanted is the more jobs a business creates the more its expenses are and the smaller it’s bottom-line. If business and industry have their way they would run their companies with no jobs at all no management or labor. To deal with this dilemma I pr…moreopose a federal venture capital carrot fund that literally pays entrepreneurs to create jobs. The investment bank would be expected invest in seed level startup projects like yours and to lose money at a specified dollar per jobs ratio for example during hard times that figure may be as high as $20,000 per job and good times the figure may be as low as five dollars per job, by controlling this ratio the fed could roughly control unemployment. The bank will be expected to fund novel products and services and stay away from things like restaurants that will simply draw jobs from other restaurants or moving factories from one part of the country to another. If you like this idea vote for it and send the congressional letter from the website. Sincerely Frank Scruggs
Agreed on the VCE. That is what was intended. Same unit of currency can not be used universally. Thank you for clarifying.
I'd prefer a VCE - virtual currency exchange. This keeps each game economy separate, but allows trade and growth of each currency based on the popularity of the game.
It's being done by cellular companies in asia. they call it smart money and Gcash. You can pay starbucks and other retailers by sending a text message, remit money thru text and pass credits to others who can use the credit to pay reatailers or other cellphone users for different services.