Weekly Newsletter

13 September 2023

Weekly Newsletter

13 September 2023

How will payment platforms leverage the metaverse effectively?

There will be three key payment channels for settling transactions in the metaverse - Mobile payments, Card payment networks and Cryptocurrencies. GlobalData anticipates that most metaverse platforms will integrate all three payment options, while blockchain-based metaverses will prefer cryptocurrencies to attract crypto-enthusiasts. The development of metaverse-based marketplaces will also trigger competition between centralized banking services (e.g., traditional banks) and decentralized finance (DeFi) providers.

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