{"id":16879,"date":"2022-11-16T08:58:51","date_gmt":"2022-11-16T08:58:51","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16879"},"modified":"2022-11-16T09:01:51","modified_gmt":"2022-11-16T09:01:51","slug":"metaverse-digital-twins-to-be-a-boost-to-the-fintech-industry","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/metaverse-digital-twins-to-be-a-boost-to-the-fintech-industry\/","title":{"rendered":"Metaverse Digital Twins to Be a Boost to the Fintech Industry"},"content":{"rendered":"<p>Metaverse has started helping creators monetize their creativity and innovation skills through art, music, videos, etc. by offering digital twins capable of providing multi-way authentication. Digital avatars are linked to users\u2019 own identities, thereby helping develop new protection products for Metaverse. This will create ample opportunities for the financial sector by introducing seamless payment systems for users and players through these digital avatars and is expected to have a net positive impact on virtual financial sector (likely seeing it outpace the physical-world financial sector). Three companies are currently working the Metaverse in this regard:<\/p>\n<ul>\n<li>JPMorgan Chase is developing Onyx, a virtual-world, browser-based platform that offers blockchain payments to clients.<\/li>\n<li>The Industrial Bank of Korea (IBK) is preparing to IBK Dotori Bank on Metaverse, which will offer financial products and services streamlined for Cyworld Z users.<\/li>\n<li>Shinhan Bank is collaborating with KT to feature multiple financial services in Metaverse for the digitization of bank branches.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16879 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Denmark to use a cryptocurrency to help developing countries'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/denmark-to-use-a-cryptocurrency-to-help-developing-countries\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/denmark-to-use-a-cryptocurrency-to-help-developing-countries-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10826\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10826'>\n\t\t\t\tDenmark to use a cryptocurrency to help developing countries\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Financial Regulators Need to Rein In Big Tech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/financial-regulators-need-to-rein-in-big-tech\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/08\/8c0518a5-d34f-bf88-1ccf-4e9fa78caf161-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16219\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16219'>\n\t\t\t\tFinancial Regulators Need to Rein In Big Tech\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='FinTech vs. regulations: can they learn to better coexist?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/fintech-vs-regulations-can-they-learn-to-better-coexist\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/fintech-vs-regulations-can-they-learn-to-better-coexist-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12252\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12252'>\n\t\t\t\tFinTech vs. regulations: can they learn to better coexist?\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Metaverse has started helping creators monetize their creativity and innovation skills through art, music, videos, etc. by offering digital twins capable of providing multi-way authentication. Digital avatars are linked to users\u2019 own identities, thereby helping develop new protection products for Metaverse. This will create ample opportunities for the financial sector by introducing seamless payment systems &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16879"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16879"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16879\/revisions"}],"predecessor-version":[{"id":16882,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16879\/revisions\/16882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16889"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}