Open Metaverse Currency and grids rise in 2011

The OMC, or Open Metaverse Currency, is a virtual currency from Austria-based VirWoX that can be used to buy and sell virtual goods on OpenSim grids.The OMC is fully convertible, and can be bought and sold for US dollars, British pounds, Euros, and Swiss francs, and can also be traded for Second Life ‘s Linden dollars. The OMC has an exchange rate of around 270 OMC to US $1.The OMC isn’t transferred from grid to grid — instead, it’s kept in an online VirWoX account, requiring each transaction made inside a virtual world to be verified on their website. The status bar on the top of the viewers will show your current OMC currency balance if you are on an OMC enabled grid. A recent innovation — Pocket Money — allows hypergrid travelers to keep a portion of their balance in a fast-access account, allowing in-world purchases to be made without a second confirmation step.
Via www.hypergridbusiness.com