Decentraland To Launch Metaverse’s First Fiat ATM
- The first virtual ATM will appear in the Decentraland metaverse
- The Transak project partner will do this
- ATM will accept fiat currency and convert it to crypto
The Decentraland Metaverse launches its first ATM. This is the result of their partnership with provider Transak.
Decentraland Virtual ATM will support fiat payments. For them, users will be able to buy the internal MANA token and other coins directly in the metaverse.
Owners of virtual sites can already apply to install such an ATM. For this, the company will hold airdrops for the first partners.
The goal of the new solution is to make Web3 transactions as similar as possible to the usual payments through real ATMs. This will simplify the adaptation of beginners who have begun to study the metaverses but have little understanding of the crypt so far.
The developers hope such technologies will increase the total number of transactions in the virtual world.
International consulting firm McKinsey & Company predicts that in 10 years, the Metaverse sector could match Japan’s budget. They expect up to $5 trillion in revenue here.