Tag "metaverse"
Metaverse Initiatives Proliferate in France Amid Govt Push
In France, initiatives to develop immersive, shared virtual environments are proliferating on the back of increased interest from both the government and the business community in the prospect of the metaverse to reinvent customer engagement, enrich experiences and showcase the
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Starbucks Taps Embedded Finance to Improve Customer Experience and Increase Retention
Starbucks, an American multinational chain of coffeehouses and roastery reserves, has been dipping its toes into fintech for a while now, leveraging embedded finance to craft superior customer experiences and build loyalty, a new analysis by fintech-focused research firm WhiteSight
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Impact of the Metaverse: Will it Be a 3 Trillion USD Industry?
The metaverse, a concept which refers to a more 3D and immersive form of the Internet, has the potential to unlock new opportunities for almost all businesses, with early estimates forecasting an economic contribution of over US$3 trillion by 2031.
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Banks Jump on the Metaverse Bandwagon
Banks from around the world are actively exploring the opportunities brought about the metaverse, purchasing virtual land and establishing presence on popular platforms. They believe these virtual environments will help them better engage with younger customers, collaborate with partners and
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Financial Crimes in the Metaverse
Business executives are bullish on the prospect of the metaverse, predicting sizeable commercial opportunities in taking part in immersive virtual environments. But despite the high level of interest, industry stakeholders are also growing increasingly concerned over the possible risks brought
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Sygnum Bank Dives Into the Metaverse With New Hub
Digital asset bank Sygnum announced the opening of its metaverse hub, saying that is the virtual equivalent of New York’s Times Square in Decentraland. Decentraland claims to be the first and largest metaverse which leverages a crypto asset called MANA
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Facebook Pay Rebrands to Meta Pay to Align with Broader Metaverse Ambitions
Facebook’s parent company Meta has rebranded its online payments service to Meta Pay, bringing the firm’s payments offering closer to its broader rebrand and aligning it with its grand ambition to building the ultimate metaverse. On June 23, 2022, Facebook
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McKinsey Report: Metaverse to Generate up to US$5 Trillion in Impact by 2030
By 2030, the metaverse could generate up to US$5 trillion in impact, a sizeable opportunity that will be brought about rapid adoption of immersive virtual environments by consumers, rising openness to digital assets and new technologies, and heavy investments from
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Facebook Shares Ambitions for “Single Wallet Experience” Across the Metaverse
In a new blog post, Meta Platforms’ head of commerce and fintech, Stephane Kasriel gives a sneak peek of the company’s fintech ambitions in the metaverse, outlining its intent to bring forward a “single wallet experience” across its family of
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Global Blockchain Sector Surged in 2021
2021 was a blockbuster year for the global blockchain sector, which saw funding activity surge, trading volumes balloon and further growth in key segments including custodians, exchanges, decentralized finance (DeFi), as well as non-fungible tokens (NFTs) and the metaverse, a
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