Home > Features > Country Snapshot: Iceland • Bookmark   • Newsletters   • Register Search Options

FEATURE

Country Snapshot: Iceland

Country Snapshot: Iceland

October 14, 2008
Text size: 
Get XBIZ News
XBIZ Research
Will virtual reality boost the paysite market?
Yes, it will soon
  39.66%
Yes, but in a few years
  36.87%
No
  23.46%
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.

" Iceland boasts the world's highest Internet penetration rate "

Seeking inspiration for the next country to cover as part of my range of country 'snapshots' was not too difficult. As Iceland's banking sector implodes, U.K. Prime Minister Gordon Brown has undiplomatically condemned the handling of the collapse of its banks and its failure to guarantee British savers' deposits; blaming the Government and describing it as "effectively illegal."

Furthermore, it has emerged that over a hundred U.K. local councils had more than £800m deposited in Icelandic bank accounts. Harsh words. Large numbers. Extraordinary times.

Iceland boasts the world's highest Internet penetration rate, which stands at an astonishing 84.8 percent of its population of just 300,000 people; thus confirming what we had long all suspected — hostile climates are great for our business!

Being located between North America and Europe, I have flown over Iceland several times, but have never had the opportunity to visit it. I was therefore delighted to learn a couple of years back that a webmaster gathering was to take place there, and so I made arrangements accordingly.

Turns out that a rape victim's help group learnt of our industry's forthcoming jaunt; and not only branded pornography as demeaning to women, but also likened us to drug traffickers and child molesters. Charming. Especially when one considers that (most) porn actually celebrates all women, unlike mainstream media, which does not.

Perhaps unsurprisingly, the convention and its opponents made headline news in such a tiny country. This put pressure on Reykjavik's mayor to do something about it. This, in turn, lead to the Radisson Hotel Group cancelling our rooms and therefore the event — demonstrating breathtaking double standards and hypocrisy when one considers the money that they make from pay-per-view porn in their hotel rooms throughout the world — including in Iceland.

At this juncture of my snapshot, I would normally research what the credit card penetration levels are in their banking system. However, given that they no longer have one, this renders that particular statistic irrelevant anyway.

On a more positive note, their telecoms infrastructure is still alive and well — so if you want to start making money from these Internet obsessed people, then phone billing is no longer an option — it is a necessity.


BUSINESS ANALYSIS

Breaking the Fourth Wall: VR Production Tactics, Techniques

The tech world has long seen the cyclic debut of fabulous (and fabulously expensive) products, which initially wowed pundits and early adopters, but were left antiquated with the next round of releases. Virtual... More »

Retailers, Distributors Report Growth in Male Sex Toys Market

Adult retail has been undergoing a transformation in recent years. The adult stores of the 1990s and 2000s focused heavily on porn video sales and catered to a predominantly male clientele, but these days,... More »

VR Hardware: The Foundation of Immersive Technology

From cameras to headsets to controllers, software and more, virtual reality technology is more than the VR content experience itself — it also surrounds the tools that are needed to create and consume... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

Latin America Adult Business Expo

Jul 10 - Jul 12
Cartagena, Colombia

XBIZ.net Paysite Meetup

Jul 13 - Jul 13
Barcelona, Spain

ANME Founders Show

Jul 16 - Jul 18
Los Angeles Marriott Burbank Airport

QWEBEC Expo

Aug 03 - Aug 06
Montreal, Quebec
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!