Paul Penrose Head of Research at Finextra
Online universe Second Life has been lauded by the serious business press as a glittering land of opportunity, a rapidly-expanding economy where fortunes can be made by game-players buying and selling land and turning tricks in return for convertible Linden dollars. But when venture consultant Randolph Harrison and a hedge fund manager friend sunk...
26 January 2007 /payments /retail
Is Microsoft trying to create its own online currency? It’s an issue worthy of consideration, following the Zune music player release late last year. Consumers wanting to buy and download songs from the Zune music store are finding that their greenbacks are not accepted at Microsoft’s virtual checkout. Instead you have to convert your hard cash to...
25 January 2007 /payments /retail
So farewell then David Lascelles, the former banking editor of the Financial Times who co-founded respected City think tank The Centre for the Study of Financial Innovation with Andrew Hilton in 1993. After 14 years at the helm of CSFI, Lascelles is taking up a backroom position as a senior fellow. Over the years the CSFI has forged a reputation a...
23 January 2007 /payments /retail
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