![]() ![]() However, I skipped one of the most important interchange tools and standards: payment rails and services. In Section VI, I discussed some of the technologies that help drive to this outcome. And we know what makes for a thriving economy: competition and a constant cycle of disruption/displacement, a large number of profitable enterprises (especially small-to-medium businesses), capital mobility, strong consumer spending. The success of this vision depends on whether the Metaverse has a thriving economy. Throughout this primer, the Metaverse has been positioned as both a successor state to the mobile internet, as well as a platform for human leisure, labor, and existence at large. Here, Payments is defined as “The support of digital payment processes, platforms, and operations, which includes fiat on-ramps (a form of digital currency exchange) to pure-play digital currencies and financial services, including cryptocurrencies, such as bitcoin and ether, and other blockchain technologies.” This is Part VII of ‘THE METAVERSE PRIMER’, which focuses on the role of Payments in ‘The Metaverse’. ![]()
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