Haim Israel, a strategist at Bank of America, believes the metaverse will create huge opportunities for blockchain technology. It will also allow digital assets to begin to be widely used for financial transactions.
However, the token remains too volatile, and stablecoins such as Tether (USDT) and USD Coin (USDC) tend to prevail.
ininterviewRecently, Managing Director and Global Strategist at Bank of America – Haim Israel described the metaverse as a tool to drive industry. cryptocurrency to a wider acceptance If certain conditions are met:
“I believe this is a huge opportunity. And you need the right platform… It will definitely be a huge opportunity for the entire ecosystem.”
Haim Israel also speculates that the metaverse is where “we will start using cryptocurrencies as a currency.” However, existing digital assets such as bitcoin, ether and the rest It is still too volatile to take on this role, so stablecoins are likely to prevail as they are tied to fiat currencies or precious metals. which tends to be much less volatile
The term “metaverse” has grown in popularity over the past few months. Especially after Mark Zuckerberg announced the rebranding of Facebook’s name to Meta, a new name that underscores his company’s vision.
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