The metaverse is transforming money, payments, and identity by enabling seamless transactions with tokens and digital assets. Platforms like Roblox and Fortnite already showcase how younger generations engage economically in virtual spaces. Brands, like Vans, use metaverses to test products, highlighting the need for faster, cost-effective payment systems.
Digital financial expert David Birch points to tokenization as the key to this shift, allowing instant settlements without traditional clearing processes. Major players like BlackRock and the Bank for International Settlements are already exploring tokenized financial infrastructure.
Security and identity are also evolving in the metaverse. Cryptographic proofs verify information, such as age, without exposing unnecessary personal data. AP+’s ConnectID supports safer, faster verification by sharing only essential credentials.
As metaverse adoption grows, businesses must prepare for a more immersive and secure digital economy.
Read the full article on AustralianFintech.
