To Patricia B. Mirasol, Reporter
Customers expect immediate satisfaction from their services, whether in the financial sector or in other sectors. According to experts from IBM’s The Future of Finance forum, the changing service delivery mechanism has led to a shift in finance to a 24/7 model, with the Metaverse becoming part of it.
Tuhina Singh, CEO and co-founder of Propine in Singapore, said: Based licensed digital asset manager.
“The Metaverse will change the financial industry, but it will change everything. Imagine this whole physical world. [imagine] The digital world, and you can transcend [both worlds] Seamlessly, “she said.
Balagopal Ravibalan, Senior Principal of Solution Consulting at SunTec Business Solutions, a relationship-based pricing and billing company headquartered in Kerala, said that banks in countries launching digital currencies will be able to use the Metaverse “much faster.” I am saying.
The International Monetary Fund (IMF) said in February that about 100 countries are actively evaluating the Central Bank’s digital currency (CBDC). CBDC is an electronic cash that creates a direct connection between consumers and central banks and is fixed in the national currency.
Countries where the CBDC has already started include the Bahamas and Nigeria. On the other hand, countries that are already developing CBDC include the United States and India.
“Currently, options are limited, but … in the future, as the momentum in that direction increases, banking in the Metaverse will become a reality,” he said. “Not today, but by 2030 and beyond.”
Banks are “obviously cautiously optimistic” when talking to the media, but at the March 2021 World Economic Forum, which was attended by banks around the world, Shin discussed every aspect of our lives. He said it was a continuous digitization.
“The question at the table is,’What are the different models for moving from Point A to Point B?’ … This was every bank in the world,” she told roundtable participants. I did. “It is very beneficial to us to know where we are all heading.”
Metaverse is another channel that can facilitate interactions between different levels of people, said Juan Madera, ASEAN’s financial services sector leader at International Business Machines (IBM) Consulting.
“It can be a very interesting proposal for intangible assets like art and music,” he said. Business world In another interview.
“We are not constrained by any channel,” Madera added. “Our clients tend to be ubiquitous, so we need to support them in that regard.”
Mark Zuckerberg, whose Metaverse is building the Metaverse, is confident that this virtual environment where users can work, socialize and play will be the successor to the Internet.
