Kuwait-Based Islamic Bank Enters the Metaverse
Warba Bank, a Kuwait-based Islamic bank, recently became
the latest corporation from the Middle East and North Africa (MENA) to enter
the metaverse. The bank now occupies two sites in the metaverse, one on
Decentraland and another one on Sandbox.
Pioneering Digital Transformation
In what has been described as a first for an Islamic
bank, the Kuwait-based Warba Bank has revealed that it now occupies two sites
in the metaverse, one on Decentraland and another on Sandbox. The bank’s
presence in the metaverse is expected to boost its communication with the
younger generation.
Following the confirmation that Warba Bank has entered
the metaverse, Anwar Bader Al-Ghaith, the Vice President for Support Services
and Treasury of the Financial Group, remarked:
"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. Warba Bank aims to be close
to its clients in virtual reality 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 looking to
support its younger clients, hence its entry into the world of the metaverse.
The bank has released a statement that Warba is now working to achieve its
ambitious goals as well as to enhance the benefits of digital services.
The bank will also focus on adopting emerging
technologies and artificial intelligence where needed.
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