Sciencelovers - It seems that the role of banking will be increasingly needed in the metaverse because the wheels of the economy are comple...
Market capitalization that continues to increase in the metaverse is proof that in the future, it will become a separate economic center in the virtual world that needs a third party, especially from the banking sector.
Become a Habit
Based on a report from Forbes, Tuesday (15/3/2022), there has been as much as US $ 54 billion spent on buying virtual goods throughout 2021.
That's a fantastic number for a relatively young “market”.
It is known, Bloomberg Intelligence also sees that the metaverse will become a "natural habitat" in the near future.
There will be more and more people in it and there will be more and more money spinning there.
The consulting firm Gartner predicts that by 2026, 25 percent of people will spend at least one hour in their daily life in the metaverse. That includes work, shopping, play, socializing and entertainment.
Because it becomes a habit to live in a virtual world, of course, there will be a service that can play a role in it, namely banking. Is it really necessary?
Banking on the Metaverse
Regardless of whether or not banking is necessary in the metaverse, we need to know first what this service can provide in the virtual world.
Metaverse as we know, has bridged the virtual world and the real world better, at least for the concept of internet 3.0.
Of course, a more complex economic system will be needed, especially to manage NFT transactions, in order to guarantee a more trusted transaction mechanism to increase the exchange of value in the metaverse.
From a certain point of view, banks can provide payment, lending and storage services as well as crypto wallets to potential customers.
In fact, TerraZero has offered programs such as KPR (Home Ownership Credit) for digital property purchases in the metaverse.
Customers in certain segments can also be handled by banks to provide more precise and targeted services, such as instant loans, income smoothing, financial planning, concierge services and many more.
Banking can also be a part of identity verification in the metaverse to provide more services to deserving and qualified people.
