💵Metaverse will set new requirements for payment services

According to a report from the Bank for International Settlements, the metaverse may impose new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by cryptocurrencies. Metaverse promoters like Meta have talked about the role of cryptocurrencies and stablecoins. However, the BIS document affirms the importance of competition, interoperability, consumer protection and data privacy.

Metaverse
💵Metaverse will set new requirements for payment services 
According to a report from the Bank for International Settlements, the metaverse may impose new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by cryptocurrencies. Metaverse promoters like Meta have talked about the role of cryptocurrencies and stablecoins. However, the BIS document affirms the importance of competition, interoperability, consumer protection and data privacy.

Metaverse