Banking In The Metaverse Seems Like A Gimmick Experts Say
A financial technology startup, Signzy, has recently been granted a patent to facilitate a variety of banking transactions in the metaverse, including general inquiry services, netbanking services, loan services, and such. However, technology and financial experts think that while banking in the metaverse has potential, it doesn’t sound very appealing at the moment. “Virtual Reality/Augmented Reality (VR/AR) applications will free up essential resources in the real world and lead to leaner organizations, but execution of this strategy is key,” Vikrant Ludhra, cofounder of financial services startup Alternative Path, told Lifewire over email....