A Sims 3 exchange has been launched in Malaysia and will allow users to trade Sims 3 games for virtual currency.
The Malaysian Exchange (MEK) on Tuesday launched Sims 3 Exchange, a virtual currency exchange platform which will let users trade Sims games for digital currency, a Malaysian official said on Wednesday.
The official said the Sims 3 exchanges will be managed by a Singapore-based company called SimXchange.
The Singaporean company has already signed up to manage SimXChange’s exchange platform in Singapore.
Users will be able to trade SimX3 games for sim card tokens, the official said, adding that the exchange platform will not be able open to all Sims 3 players.
SimXchange, which is based in Singapore, has signed up SimXcoin and SimXcoins as exchanges.
Simcoins are traded on the Singapore Stock Exchange (SEX) with the Singapore dollar and the Singapore kyun.
Sim3, a popular sim game developed by Electronic Arts, is a free-to-play online game developed in the United States.
Sims 3 is a first-person shooter sim in which players can control characters, vehicles, and enemies using a 3D virtual world.
The Sims 3 is the fifth most downloaded games in Malaysia, according to e-commerce website Datacom, with around 2 million downloads.
The game was released in February 2014 and is available in the PC, Mac, and iPad.
It was the second-most downloaded Sims game in Malaysia with about 8 million downloads in March.
Sims has a global user base of more than 1.8 billion, according the Electronic Arts official website.
WSJ.com: Barclays aims to shed debt as it attempts to bolster profit from its $5.9 billion loss from the Brexit deal article Barclays has announced plans to sell its remaining $6bn in U.S. debt due 2018 and its 2018 $1.8bn due in 2019, including the $1bn due this year.
In a statement, the bank said it expects the restructuring plan to be completed in the third quarter of 2019, subject to regulatory approval.
The plan will remove debt with a maturity date of 2019-20, according to the statement.
The bank said that “due to the current nature of our business, it will be difficult to obtain additional financing from our existing suppliers for the required financing.”
Banking stocks, including Barclays, are up more than 6 percent after the announcement.
Shares of General Electric Corp. GIE.
N jumped more than 3 percent after regulators said they could approve the merger with GE Capital Inc. GE.
N is part of the U.K. government.
The Wall Street Journal reports that the deal, which could generate as much as $1 billion annually in annual savings for the bank, is in the works.
Barclays said in the statement that it plans to use the proceeds from the sale to accelerate the resolution of its 2017-2018 consolidated earnings, including in-house and global headcount.
Shares in Wells Fargo & Co. WFC.
N were up 2.3 percent.
Shares on the NASDAQ were up about 1 percent.
Bank stocks were up slightly in after-hours trading, after the bank announced plans Friday to sell $1 in debt with an interest rate of 5.75 percent.