Bank of America now says the crypto metaverse is a ‘massive opportunity’ |

Bank of America now says the crypto metaverse is a ‘massive opportunity’ |

The way the metaverse is being built, it’s almost impossible to tell what will happen next. With any luck and hard work on the part of developers, crypto enthusiasts can be looking at a future where they are able to receive their salaries in whatever form they prefer via smart contracts and tokens.

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The “future of cryptocurrency 2021” is a recent article that discusses the future of cryptocurrency. The article says that banks and governments are starting to see the crypto metaverse as a “massive opportunity.”

Bank of America now says the crypto metaverse is a ‘massive opportunity’ |

In a recent interview, Haim Israel, a strategist at Bank of America, said that the latest term in the crypto field, Metaverse, has a lot of promise for the crypto sector and might be the niche that drives global acceptance.

Bank of America sees a lot of potential in the metaverse.

According to Israel, the metaverse would open up a huge market for blockchain technology, possibly leading to the adoption of crypto assets in normal financial activities. He did add, though, that stablecoins like as Tether and USDC will be more popular than private tokens, which are very volatile.

As he puts it:

“I really feel this is a once-in-a-lifetime chance.” You’ll need the correct platforms… that’ll be a huge opportunity for the whole ecosystem… We’ll start utilizing bitcoins as a form of payment.”

The expert went on to say that as crypto assets receive greater awareness and use in the metaverse, he expects huge conventional financial corporations to join the field. “There will be a lot of coordination between the two,” he said.

What’s the big deal about “Metaverse?”

After Facebook announced that it was changing its name to “Meta” and focused its operations towards the area, the term “Metaverse” has attracted the curiosity of crypto aficionados and the general public.

The leading social media platform’s makeover has piqued the curiosity of the broader tech world in the space’s boundless possibilities.

Grayscale claimed in one of our previous publications that the metaverse has the potential to become a $1 trillion business. A number of institutional and private investors from across the globe have already started to invest in space-related initiatives.

In its own research, DappRadar verifies this, stating that metaverse-related initiatives have lately received a lot of attention. Virtual assets such as lands and real estates have made over $100 million in the previous seven days, according to the study.

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Bank of America now says the crypto metaverse is a ‘massive opportunity’ |

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Bank of America now says the crypto metaverse is a ‘massive opportunity’ |

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