Gamers fear for virtual assets as rate cut hits ‘Animal Crossing’ savings

Players of the viral Nintendo Switch game received a notice saying interest payments on the virtual ‘bells’ currency were being reduced, with gaming media reporting the rate was cut from about 0.5% to 0.05% and maximum interest payments capped. — Reuters

LONDON: Gamers escaping coronavirus lockdowns have seen their virtual savings slashed in hit video game Animal Crossing, highlighting the limited rights users have to digital property.

Players of the viral Nintendo Switch game received a notice saying interest payments on the virtual ‘bells’ currency were being reduced, with gaming media reporting the rate was cut from about 0.5% to 0.05% and maximum interest payments capped.