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Metaverse to place new demands on payment services - BIS

Finextra

The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.

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Elastos joins forces with The Metaverse Bank

The Paypers

Elastos has partnered with The Metaverse Bank (TMB) to deliver decentralised digital ID services, to enable users to verify any form of personal credential securely.

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New metaverse assets create new opportunities for FIs

Payments Next

By Patrick Bucquet, VP Capgemini Invent In the new metaversal economy, blockchain enables many kinds of transactions with a single source of The post New metaverse assets create new opportunities for FIs first appeared on Payments NEXT.

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Fujitsu to offer digital security solution in metaverse

The Paypers

Japan’s JCB , JP GAMES , and Fujitsu have partnered for a year-long joint project to improve the security of distribution and sales of digital data in the metaverse and gaming world.

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The metaverse could be tech’s next trillion-dollar opportunity: These are the companies making it a reality

CB Insights

The business world is obsessed with “the metaverse”: the concept of shared worlds driven by virtual products and digital experiences that are highly immersive and interactive. The metaverse could represent a $1T market by the end of the decade, according to CB Insights’ Industry Analyst Consensus. lab-to-table.

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India and China showcase strategies for promoting web 3 and the metaverse

The Paypers

India has initiated the Blockchain Forum to promote blockchain and web 3, while Beijing announces ambitions for the metaverse.

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Flipkart launches metaverse offering in India

The Paypers

India-based Flipkart , a Walmart-backed ecommerce store, has launched a metaverse offering for consumers to discover and shop new products more interactively.