Bank of America Sees Metaverse as Huge Opportunity for Crypto Industry

Bank of America: Metavers will bring cryptocurrency to the masses.

The metaverse is a great place to go for cryptocurrency. The new technology will allow numerous tokens to become mainstream. So says Israel Chaim, an analyst at Bank of America. However, one of the leading strategists notes: the current cryptocurrencies may be too volatile to settle. Some types of stablecoins can partially take their place.

What is the metaverse?

The spread of cryptocurrencies in the metaverse will have a positive effect on their positions in the real world. Traditional payment networks will start to show more interest if virtual coins spread to the virtual world.

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