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Payment rails in the Metaverse: new opportunities for financial institutions

June 16, 2023

Developing payment railroads for the metaverse will be qualitatively different from the card payment and ACH transfer offerings that banks and payment startups developed to support ecommerce. Succeeding in this space requires a strong understanding of what makes metaverse transactions, security requirements, and compliance needs different from what already exists online and in the real world.

A Growing Need for Better Payment Experiences in the Metaverse

Any discussion of payments within the metaverse—the 3D virtual environments where people are already connecting for immersive gaming, shopping, and entertainment experiences—starts with the blockchain, the foundation of value storage and transfer in the metaverse.

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