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Dragonfish Extends Payment Processing to Second Life


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In the 10 years that it has been in operation, Dragonfish, the
independent business to business division of online gambling firm 888
Holdings
Plc, has gone from strength to strength, so much so that it has
extended its reach from the world of online gambling to the virtual world of
Second Life.

The move will see Dragonfish shed its current identity as a solely online
gambling-related online payment processor to become, in addition, a facilitator
of retail transactions for Linden Lab, the company that launched and owns Second
Life in June 2003, a highly popular purely internet-based virtual world.

Said Dragonfish MD Gabi Campos, ‘This is a giant step beyond our core operations
into the retail environment. Our agreement [with Linden Lab] highlights the
increasingly diverse nature and strength of our operations. It’s an excellent
complementary business for Dragonfish that will provide incremental revenue.’

Dragonfish’s agreement with Linden Lab represents a long-awaited extension of
its offering into a wider retail environment. As such, its agreement with Linden
Lab will not only strengthen its position in the regulated PSP market, but add
Total Payment Services to its current Total Gaming Services product platform.

Second Life has evolved into an enormous entity and currently processes over $35
million in transactions every month. Since its inception, its members have
logged over one billion hours and generated over $1 billion in user-to-user
transactions. In fact, Second Life boasts the world’s largest virtual goods
economy.

Said Linden Lab CEO Mark Kingdon, ‘Dragonfish has a strong track record in
unlocking new markets via its unique and secure payment processing solutions,
and as Second Life continues to grow globally, we’re pleased to work with them
to provide easy and secure payment options for our users outside the U.S.’

Dragonfish currently processes more than $500 million deposits every year in a
variety of currencies around the world. It facilitates this quickly and easily
for customers using credit cards, e-wallets, prepaid cards, online banking and
bank transfers as well as cash payments at certain land locations.

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