• Sun. Aug 14th, 2022

Kuwait-Based Islamic Bank Enters Metaverse – Metaverse Bitcoin News

ByHazel R. Lang

Jul 3, 2022

Warba Bank, a Kuwait-based Islamic bank, recently became the latest company from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another on Sandbox.

Pioneer of digital transformation

In what was described as a first for an Islamic bank, Kuwait-based Warba Bank recently said it now occupies two sites in the metaverse, one on Decentraland and the other on Sandbox. The presence of the bank in the metaverse should strengthen its communication with the younger generation.

In his remarks following the confirmation that Warba Bank has entered the metaverse, Anwar Bader Al-Ghaith, vice president of support services and treasury at the financial institution, said:

Warba Bank’s interest in entering this virtual reality is part of the digital trends to be transformed into [Web3]. The world of virtual reality is used in several high-tech fields including services, education, healthcare and others. And Warba Bank aims to be close to its customers in virtual reality to present its products and services to them, as well as to communicate with them in an innovative way that reflects the image of Warba Bank as a pioneer in transformation. digital.

Al-Ghaith explained that Warba Bank is keen to support its young customers, hence its entry into the metaverse. According to a statement released by the bank, Warba is now striving to achieve its ambitious goals as well as improve the benefits of digital services.

The bank will also focus on absorbing emerging technologies and artificial intelligence, according to the statement.

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Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

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