Metaverse and Fintech: Pathway for Innovation and Development

Abstract

The development of the metaverse may have a substantial effect on the financial sector, opening new avenues for firms and investors to interact with digital assets and engage in virtual trade. It's important to note that there are a variety of financial applications for metaverse technology, including virtual banking, trading platforms, and even insurance services. Users may require access to virtual money in a metaverse so they can purchase virtual goods and services. Metaverse banks could provide financial services such as virtual currency exchange, virtual wallet services, and virtual lending. They could also offer traditional banking services, such as loans and savings accounts, but in a virtual context. These services could be used by individuals, businesses, and organizations operating within the metaverse. In stock markets, companies that could benefit from the metaverse's growth include those involved in virtual reality and augmented reality, as well as those that provide the infrastructure required to support the metaverse. TAM (Technology Acceptance Model) is applied for understanding how users perceive and adopt metaverse technology.