CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has become the first to enter the metaverse?
A
Citibank
B
JPMorgan
C
Barclays
D
UBS
Explanation: 

Detailed explanation-1: -The correct answer is JPMorgan. JPMorgan has become the first bank in the world to enter the metaverse, the virtual world network focused on social connection.

Detailed explanation-2: -HSBC is one of the most influential banks in the world. They recently took the initiative to purchase LAND in the Sandbox Metaverse to interact with e-sports enthusiasts. They see great potential to tap into emerging platforms.

Detailed explanation-3: -JP Morgan has become the first bank to enter the metaverse, opening a lounge in the popular blockchain-based world, Decentraland – one of the most popular metaverses. This marks the banking giant’s entry into the metaverse, as it eyes the potential financial gains.

Detailed explanation-4: -ai’s ‘Kiyaverse’ platform will empower banks with their own metaverse that provides a highly personalised experience to their customers by allowing banks to use cutting-edge technology with a human touch which will significantly deepen and personalize customer interaction.

There is 1 question to complete.