What is happening with banking in the metaverse ?
What exactly is the metaverse? Well we defines as continum of emerging capabilities and great example of that is Oculus headset has become very popular .The way we interact in the metaverse is going to evolve radically over the next decade . It is an immersive place that allows you to combine those technologies use cases into completely new experiances. It is first and foremost a place you can go to .It is a population of people that are gathering together in those places so makes the metaverse powerful.The ability to interact with other people and then take that to next logical level and just like in the real world one can have property in the metaverse .
Fiat currency becoming NFTS it is becoming cryptocurrency and central bank digital currencies all that needs to be bought together into a new experience . Metaverse is the continuation of where one can sit down in 3D and look at one’s account where one can move information back and forth one can interact in ways , one can have multiple screens become incredibly immersive , that technology is also used to help educate employees to help them learn how to interact with customers in a better way .The Oppourtunity here is to put humanity back into banking . I would argue that we have created digital experiances that are functionally corrects but emotionally devoid and the oppourtunity to put humanity back into banking to have a conversation again with our customers even if it is in an avatar could be a game changer .Just imagine if you are doing wealth management you have the oppourtunity to sit down with your customer virtual reality at their kitchen table and have a conversation with them using that 3D app to explain to them how they might save for that house, how many save for that future and how they could save for their college education that is the power of putting humanity back into digital experiances . It is also a chance to reinvent banking around digital payments . So the metaverse holds incredible promise for banking , and it has to be a game of collaboration.We want to create an open metaverse where everyone can interact with the question around governance then comes into play which one of these meta versus is centralized or decentralized are going to be the ultimate space and we are going to have all different types of this around the world depending on the economy, the environment and where is it going ,there will not be one size fits all in many cases right now the centralized like robblox and others are the ones that are winning the day. We all must have seen the recent cryptocurrency , let us call bank robberies that occured . We need to build the trust into this enviroment that we have built into our banking system globally and that is where the interest of the community in both the metaverse and the real world back in the banking world .
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