Payments in the Metaverse:(Almost) everything you wanted to know

Metaverses have quickly become innovation hubs where new financial technologies and business ideas are born and tested by communities of enthusiastic developer-creators. Now it’s time for payments.

With $54 billion spent on virtual goods every year in various metaverses, financial institutions around the world are wondering how to position themselves in this new value chain and attract a metaverse-proficient generation of customers.

In futurism and science fiction, the metaverse is a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality and augmented reality headsets. In colloquial use, a metaverse is a network of 3D virtual worlds focused on social connection.

In colloquial use, a metaverse is a network of 3D virtual worlds focused on social connection.

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