JPMorgan Is the First Bank Into the Metaverse, Looks at Business Opportunities

JPMorgan Is the First Bank Into the Metaverse, Looks at Business Opportunities

“We believe the existing virtual gaming landscape (each virtual world with its own population, GDP, in-game currency and digital assets) has elements that parallel the existing global economy,” according to the bank report. “This is where our long-standing core competencies in cross-border payments, foreign exchange, financial assets creation, trading and safekeeping, in addition to our at-scale consumer foothold, can play a major role in the metaverse.”

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