Citi, which is seen as one of the largest financial institutions in the USA and the world, has published its new report called Global Perspective and Solutions (Citi GPS). The title of the new report was “Metaverse and Money: Decrypting the Future”.
“A network of users reaching up to 5 billion…”
Ronit Ghose, Citi’s global banking and Fintech and Digital Assets manager, who will present his new report to the participants at the Digital Currency Symposium to be held in London today, gave the following information about the report:
“We stated in the report that we think the metaverse market is 10 trillion and over. Experts contributing to the report stated that they expect a user network of up to 5 billion. However, this figure may increase or decrease depending on the number of mobile phone users and virtual glasses user base.”
“Cryptocurrencies, CBDCs, NFTs will play an important role”
In the report, it was written that digital currencies will also occupy a large place in the metaverse, which will take a much larger place in people’s lives in the future, but they can be used in this area in traditional finance:
“The coins in the metaverse can be used in different forms. In-game tokens, stablecoins, CBDCs and cryptocurrencies will play an important role. In addition, digital assets and NFTs will also have a large share in ownership. If the crowds continue to enter the metaverse with the same system as they enter the internet from mobile phones, there will be a situation where they will leave in the metaverse environment, just as China and the USA are separated in the internet environment today. We can call this centralization and decentralization in the metaverse.”
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