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Atlas Venture Capital acquires "The Bank"
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Written by Xavier Mohr
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Friday, 10 August 2007 |
 This new acquisition will become an asset to the ever-growing AVC., but will remain privately owned by the group. During this period, for 30 days, withdraws from The Bank will be limited to 100,000L a week until the acquisition is complete. The Bank is also announcing a new and innovative service to The Bank customers. World Wide Connect, owned by Lonnie Dagger, has also been purchased by Atlas Venture Capital to provide a Mastercard debit card service to all of The Bank customers. This card will enable people to deposit money into their debit accounts which can then be used with a real life Mastercard to buy lunch, or whatever else they desire, in the real world. There will be no transactions fees for this service, which is bonded by Lloyds of London. This is a first for Second Life and will really change the face of banking in the metaverse. "These two acquisitions for Atlas Venture Capital will make the Bank a market leader in the finance community. No one else has tried to implement such a service to SL residents before, and it opens the door to an increased cross over between SL and real life, offering an additional portal for the withdrawal and deposit of funds into and from hard cash," say Jasper Tizzy, CEO of Atlas Venture Capital.
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Last Updated ( Sunday, 28 October 2007 )
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