Banks of the future will explore and leverage the potential of the Metaverse to offer innovative and immersive financial services
What Problem?
Traditional banking methods often lack the interactive and engaging elements that customers increasingly seek in the digital age. Physical Branches often cause inconvenience for those with busy schedules or limited mobility. Especially during the pandemic, customers faced difficulties in visiting banks for various financial needs.
What Solution?
Tomorrow Banks will build their branches on Metaverse with advanced offerings. Artificial intelligence (AI) and Machine Learning (ML) based customization which will help customers with significant financial solutions, Interactive tools, and educational tools to enhance their experience.
Why is it Unique?
Interactive & Immersive: The combination of virtual reality, augmented reality, and interconnected digital experiences, creates an immersive and interactive environment
Available 24/7: Metaverse Banking is accessible anytime and anywhere through digital devices, ensuring greater convenience and ease of use for customers.
Blockchain Enabled: Blockchain platform for the exchange of value, information and digital assets.
Metanomics: Economics of the metaverse with opportunities in every area with Web3 launch
Case Study
JPMorgan Chase JPM became the first bank in the United States to enter the metaverse. The biggest U.S. bank by assets has opened a virtual lounge named “Onyx lounge” in Decentraland, a virtual world based on blockchain technology. Within Decentraland, users can acquire virtual plots of land in the form of non-fungible tokens (NFTs), making purchases using cryptocurrency backed by the Ethereum blockchain