August 23, 2007 by Nobody Fugazi
Posted in
Via Notecard:
FOR IMMEDIATE RELEASE - Second Life, The Rookery (106, 119, 22) August 23, 2007; BCX Bank raises the ante in the financial and banking sector of Second Life by offering all of their customers free insurance with every established BCX Bank account. This type of offer is the first for any bank in SL and BCX Bank is proud to invest in the piece of mind for its existing and new banking customers. The insurance service will go into effect on September 1, 2007.
This guaranteed level of account protection is brought to BCX Bank customers through collaboration with The Rock Insurance Company.
The main purpose behind this service is to announce to the residents of Second Life that integrity, account security, and financial stability all reside at BCX Bank. As the main goal for BCX Bank is to provide excellent customer service, fiscal responsibility, and quality banking standards within the SL community.
Travis Ristow, CEO of BCX Bank announces to all the SL residents that, "BCX Bank believes this added service allows us to express our dedication & commitment to our customers in providing them yet another way to feel safe when investing with us."
In addition, BCX Bank has issued an Initial Public Offering (IPO) of their stock on the International Stock Exchange and shares can be purchased on the ISE website - www.intlstockexchange.com
For more information on the free insurance service or to open a BCX Bank account please contact Travis Ristow or stop by the Main Branch located at:
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About BCX Bank:www.bcxbank.com
BCX Bank brings FULL Service Banking to Second Life Residents. With In-world ATM's located throughout Second Life(tm), BCX is making it easy to use banking services wherever you are! With the addition of new applications, you can now handle all of your SL banking needs online! Fast, Convenient, and Secure!______________________________________________
About Rock Insurance Company:www.therockinsurance.com
The Rock Insurance Co. can protect your deposits! At a fraction of what you are making in interest from these institutions, we will provide you with insurance coverage. If your insured investments are lost due to bankruptcy or fraud, we will cover the insured amount.For all media & press related inquiries, please contact Cadence Juran, CEO - Crescendo Corporation. Crescendo Corporation is a member of the Metaverse Press Association.
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Running out of cash?
Oh, high rates to long term deposits only, a free insurance policy, and an Ipo. Interesting....
For Official information see BCX Bank Website
Innuendoes and assumptions are what lead to unnecessary dramatic overtures in Second Life. Let's try to work as a community to avoid such pitfalls.
If there are any questions about any of the services, offerings, financials, or general information regarding BCX Bank, feel free to visit their website (www.bcxbank.com) or contact the CEO directly (Travis Ristow) who will be more than happy to answer any and all questions.
BCX Bank is in solid financial shape and the strategy of the CEO is develop a long term and strong performing bank in Second Life that ultimately benefits not only their customers but the entire SL community.
Cadence Juran, CEO
Crescendo Corporation
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"It's all in the message. Get into it!"
I said something like this
I said something like this after the banking forum on here. It looks like a good way to become a market leader. The only drawback I see are the new BCX rates. The rates are more realistic, but realistic expectations aren't something most people have. My only fear is that consumers will buypass security for higher returns with institutions like JT Financial, etc. The net effect I see from the rate cuts are that it will slow BCX growth.
I'm not sure exactly what the deal with The Rock is because there just aren't a lot of details in the press release; however, it appears BCX has positioned itself to increase its margin on deposits. I'm not sure, but rates might have been cut in half? If that is the case, then BCX will be keeping more money even as it provides insurance for free. Maybe that would be good for the IPO and longterm dividend growth?
I wonder who the other banking institution is considering this service?
The Rock Insurance Co.
We confirm BCX project to provide a basic free insurance coverage for its customers. Also, similar project is underway with another SL Bank.
Certificates will be issued as usual from our website. Customers will not pay the covered portion agreed with BCX (still to be determined) and we will get reimbursement from the institution. Any amount over the agreed coverage provided by the bank will be charged to the costumer as usual.
Of course, banks must retain good financial results to maintain this program. Further information will be available in the next future.