Kuwait-based Islamic bank joins Metaverse – Metaverse Bitcoin News
Warba Bank, a Kuwait-based Islamic bank, recently became the last company from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two locations in the metaverse, one Decentraland and another on Sandbox.
Pioneering digital transformation
In what has been described as the first for an Islamic bank, the Kuwait-based Warba Bank recently said that it now occupies two locations in the metaverse, one on Decentraland and another on Sandbox. The bank’s presence in the metaverse is expected to strengthen communication with the young generation.
In his comments after the confirmation that Warba Bank has entered the meta-verse, Anwar Bader Al-Ghaith, the financial institution’s VP for Support Services and Treasury, said:
Warba Bank’s interest in entering this virtual reality comes within the framework of digital trends to transform into a [Web3]. The world of virtual reality is used in several advanced fields, including services, education, health and others. And Warba Bank aims to be close to its customers in virtual reality in order to introduce its products and services, as well as communicate with them in an innovative way that reflects Warba Bank’s image as a pioneer in digital transformation.
Al-Ghaith explained that Warba Bank is eager to support its younger customers, hence its entry into the meta-verse. According to a statement issued by the bank, Warba is now working to achieve its ambitious goals as well as to improve the benefits of digital services.
The bank will also focus on absorbing new technologies and artificial intelligence, the statement said.
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