MMO publisher NCsoft Corporation announced today details for their new micro-transaction system. Called NCcoin, this system will let customers purchase in-game items and upgrades using real-world money, with $1 equating to 100 NCcoins. The first game to incorporate the NCcoin will be Exteel and NCsoft is planning on incorporating NCcoin into many of their existing and upcoming games internationally.

"NCsoft's goal is to bring more and more people into the online gaming market, and part of achieving that goal is to continue to diversify how customers can pay and play," said Chris Chung, NCsoft North America's president. "This system will offer our customers much greater flexibility and convenience in paying for content. Micro-transactions are a growing part of the online gaming industry and NCcoin will allow us to support micro-transaction based games efficiently, allowing developers and players to quickly enjoy the benefits of those systems. We will soon be rolling out more contents that leverage the flexibility of NCcoin."