Ensuring secure and reliable ways to pay for virtual goods will be paramount to making the metaverse a truly immersive experience
The metaverse economy is predicted to hit$13 trillion by 2030, and financial institutions have already started exploring its opportunities and the profits it could bring. JP Morgan has been among the first to have taken up the torch; recently, the leading bank opened theOnyx lounge in Decentraland, one of the most popular virtual worlds.
Paying for digital assets will be the key to creating a seamless user experience. To ensure smooth virtual commerce, each digital environment, as well as the metaverse as a whole, will have to have its own digital economy, and robust payment methods will be key to a fully functioning meta-space.