Archive for February, 2010

Announcing Our Expansion of Local Currency Support in Global Markets

Posted February 26th, 2010 by Vikas

As part of our ongoing initiative to provide 100% coverage of currency and payments support everywhere in the world, we’re proud to announce that the Social Gold platform now enables customers to purchase virtual goods in their local currencies. Currencies already live include Euros, Pounds, Swiss Francs, Danish and Norwegian Krone, Swedish Krona, Canadian Dollars and Australian Dollars. We will be expanding our offering to support additional currencies over the course of this year.


Users can switch the default currency if they want

Users can switch the default currency if they want


In addition to enabling customers to purchase in their local currencies, we will soon be revealing our partners for support of local payment methods in global regions. Audiences in different markets prefer diverse payment methods, so we’re building direct integrations with regional payment providers so that customers can purchase goods online by whichever method they prefer – whether that’s using credit and debit cards, mobile payments, cash or bank transfers. Additionally, we will ensure that exchange rates, regulations and local fees don’t get in the way of profits and market penetration for publishers.

Along with this, we have also optimized the customer purchasing experience: customers who enter the Social Gold payments platform locally from a specific region are automatically provided the choice of their local payment methods and the local currency. By listing the local payment methods at the onset of the purchasing interface, this ensures a seamless user experience and that the customer is never neglected from a monetization standpoint based on their local region. Unlike payment platforms where a customer must review countless payment options on a single page, through the Social Gold platform, customers only see the payment methods most relevant to them. Additionally, the default payment methods are further personalized based on most common usage. Customers can also override the default currency, and bring up non-local payment methods if they choose, and this does not disrupt the user experience.

Stay tuned for upcoming details on our partnerships with regional payment providers!

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Social Gold Speaking and Sponsoring the Flash Gaming Summit March 8, 2010

Posted February 24th, 2010 by adriana

This year we’re participating in full force at the 2nd Annual Flash Gaming Summit (www.flashgamingsummit.com). Hosted by Mochi Media, the Flash Gaming Summit brings together leaders in the industry to share insights and strategies for monetization, distribution and analytics. 

Our co-founder and CEO, Vikas Gupta, will be speaking on a panel called “Money in Flash: Next Gen Monetization of Flash Games” with Mochi Media CEO Jameson Hsu, Kongregate CEO Jim Greer, and FlashGameLicense.com co-founder Chris Hughes (moderated by Atul Bagga of ThinkEquity). This elite group of panelists will discuss the current state of the flash gaming market as well as the opportunities and potential challenges of monetizing flash games. We invite you to come listen in on the panel at 10:00am on March 8 at the Mission Bay Conference Center at UCSF. 

Additionally, we are proud to be Gold Sponsors for the Flash Gaming Summit the year, and will have a booth setup at the conference. Please feel free to swing by and say hello, or email us at business@jambool.com to coordinate a time to meet. We hope to see you there!

To learn more about the event and register to attend, please visit: http://fgsummit2010.eventbrite.com/. Feel free to use our discount code to receive 15% off your registration: jambool15

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Social Gold Announces ‘Cha-Ching!’ Virtual Currency Workshop Series With Virtual Economy Advisory Panel

Posted February 24th, 2010 by adriana

Social Gold, the leading virtual currency and payments solution for thousands of online games and virtual worlds, recently announced a new workshop series focused on virtual currencies called “Cha-Ching” along with the launch of the Social Gold panel of virtual goods economists. Panelists include John Zdanowski, CFO of Avatar Reality, makers of Blue Mars (formerly of Linden Lab, makers of Second Life) and Prakash Ramamurthy, CTO of LifeLock (formerly of Gaia Online), who will also be providing keynotes at the first workshop. Both Zdanowski and Ramamurthy bring extensive experience in virtual currencies, product strategy and financial modeling for Internet businesses. The Cha-Ching Workshop series will feature panels and discussions with thought leaders in the virtual goods industry to discuss casual games, social games and virtual worlds. The first workshop focused on “The Virtual Economy” will be held on March 11, 2010 from 10:00am until 2:00pm PST in San Francisco at The Box SF just two blocks from the Moscone Center.

“As the virtual goods market continues to grow, virtual currencies will play a larger role in the core monetization strategy for publishers,” said Vikas Gupta, host of the Cha-Ching Workshop. “As such, it has become increasingly important for thought leaders in this industry to collaborate together, and we’ve created the Cha-Ching Workshop to facilitate this discussion.”

Picture 8The Cha-Ching Workshop will offer a half-day of panels and talks dedicated to the key fundamental drivers of virtual currencies. It will bring together the luminaries from casual games, social games and virtual worlds in a collaborative environment with the goal to encourage cross-vertical learning. A group of experts will cover topics ranging from effective virtual goods strategies and monetization of virtual goods to building a virtual currency business online. Following the keynote discussion, a variety of hot-button topics will be circulated throughout the room so that teams can discuss, brainstorm and conduct mini-presentations based on their expertise and interests. Through these interactive events, the Cha-Ching workshop series will be a significant driver in encouraging leaders in the virtual goods space to collaborate.

Keynote speaker John Zdanowski was the CFO of Linden Lab from 2003 to 2006 as the Second Life economy grew from $10 million to a half a billion dollars annually. “I’m excited about the Cha-Ching Workshop as a place for industry participants to discuss the unique challenges associated with managing virtual economies, currencies, fraud and payment systems. I will be sharing insights learned from growing Second Life’s successful virtual economy and how we’re approaching building a new one in Blue Mars,” said Zdanowski.

Having recently joined LifeLock as CTO this year, keynote speaker Prakash Ramamurthy was most recently the Senior VP of Product Management and Engineering for Gaia Online, and formerly the VP of Identity Management and Security Products for Oracle. “While the virtual goods market is expected to exceed $1.6 billion this year there is still much opportunity to grow, and the Cha-Ching Workshop series serves to address the challenges of operating virtual economies as well as identify the solutions to help foster the growth of this industry,” said Ramamurthy.

For more information on the Cha-Ching Workshop, please contact Social Gold at chaching@jambool.com

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