Neobanks Will Take Over Your Business in the Metaverse Banking!

neo-bank

Written by Assoc. Prof. Dr. Soner Gökten: Especially branch bankers, I must say it clearly that if you have less than 10 years until retirement, you probably won’t complete your career as a banker.

Revolution is not silent; on the contrary, it is coming loudly.

Especially for branch bankers, I must say it clearly that if you have less than 10 years until retirement, you probably won’t complete your career as a banker. This is sad to say, but the digital universe and artificial intelligence will take over your job. It will no longer be you, but avatars that interact with customers and are controlled by artificial intelligence.

In a short period of time, the metaverse will become a digital universe where social, professional, and commercial life will gain significant functionality, beyond people’s physical needs.

In the future, with the help of hardware that goes far beyond augmented reality glasses, we will be able to experience touch and smell, navigate through physical walking, and become players in different scenarios within the digital realm.

Indeed, the market size that the metaverse world will create for the next decade is estimated to be at least 8 trillion US dollars.

The use of digital currencies, technological advancements that enhance communication speed, and the development of hardware acting as gateways make the metaverse a strategic focus in terms of financial operations and transactions.

Forward-thinking banks have already started positioning themselves in this realm. If you already have augmented reality glasses, you can enjoy various banking services in the digital realm and experience the fun of it. However, metaverse banking has not yet become widespread due to the presence of a generation that is technologically distant, relatively high costs of hardware and communication, and concerns about trust in digital transactions.

Nevertheless, traditional banking, in its physical form, will come to an end very soon. Neobanks in the metaverse world will replace physical banks.

Why, you ask? Think about your children… Don’t they play ROBLOX? 😊 Well, ROBLOX is exactly a metaverse. We’re talking about millions of children who make friends, play, and communicate together in the created digital world… And those children will GROW UP and become BANK CUSTOMERS! The question is simple. Do you think they will go out and visit a physical bank branch? Or will they enter the digital realm using their devices?

Source ParaMedya

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