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FintechAugust 31 2022

Flurry of metaverse activity draws banks’ focus globally

Banks across the world are looking for opportunity in the metaverse, as hype builds around the new technology. Bill Lumley reports.
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Flurry of metaverse activity draws banks’ focus globally

The high rate of new metaverse start-ups appearing in the banking and financial services sector is showing no signs of slowing, with a growing number of major accelerator programmes announced around the world in the last three months.

These launches support forecasts of rapid growth in the metaverse in a recent report by Citi, which predicts that the value of the metaverse to reach $8tn–$13tn by 2030.

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