Tuesday, October 21, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News World News

JPMorgan becomes the world’s first bank to enter the metaverse

Tech Gist Africa by Tech Gist Africa
02/21/2022
in World News
0 0
0
JPMorgan Metaverse

JPMorgan Metaverse

0
SHARES
Share on FacebookShare on Twitter

JPMorgan, the largest bank in the United States, has become the first financial institution to enter the metaverse.

The bank has opened an Onyx lounge in the blockchain-based virtual world decentraland, where it will be available to customers.

The Onyx Lounge provides JPMorgan’s customers with Ethereum-based services, which are all described in detail in a report that was recently published.

The bank has published reports on the acceptance of cryptocurrencies in the mainstream economy.

‘The metaverse is expected to infiltrate every sector in some way over the next few years, with a market opportunity estimated to be worth more than $1 trillion in annual revenues,’ according to the report.

The bank’s report informs customers about the metaverse without introducing them to all of the unnecessary “noise” that comes with new technology.

According to Christine Moy, JPMorgan’s head of crypto and the metaverse, the bank’s venture is a direct response to growing customer interest in the metaverse, which she says is driving the bank’s decision.

Moy believes that there is tremendous potential in improving the lives of customers through the use of the internet.

JPMorgan Chase now holds the distinction of being the world’s first bank to enter the metaverse.

More than that, companies such as McDonald’s, Tencent, and Huawei have been aggressive in their applications for metaverse trademarks.

It is predicted that most businesses in the physical world will be available in the metaverse in the future, according to JPMorgan Chase.

The metaverse experienced a surge in popularity last October, when Facebook announced that it would change its name to Meta to reflect its increased emphasis on the virtual world, where users will be able to work and socialize.

JP Morgan has stated that it intends to “play a major role in the metaverse,” and that it may be able to assist in addressing issues in the virtual world that are currently dealt with in the real world, such as account validation and fraud prevention.

 

Read more on Tech Gist Africa:

Mark Zuckerberg,  CEO of Facebook, says Meta is developing the world’s fastest artificial intelligence supercomputer

The Evolution of Augmented Reality and Virtual Reality

Facebook is launching Horizon Workrooms for virtual workspace

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Netflix UEFA Champions League
Entertainment

Netflix Eyes $5.9 Billion Bid for UEFA Champions League Broadcast Rights

by Tech Gist Africa
10/17/2025
0

Netflix is reportedly preparing to bid approximately $5.9 billion for the global broadcasting rights to the UEFA Champions League, starting...

Read more
ChatGPT OpenAI

OpenAI Unveils App Store Inside ChatGPT, Challenging Apple and Google

10/16/2025
Sam Altman in UAE

Sam Altman’s Global Tour Targets AI Infrastructure Expansion, UAE Engagement Key

10/13/2025
BYD China

BYD Accelerates South American Expansion with Electric Vehicle Launch in Argentina

10/09/2025
AI funding

EU Unveils €1 Billion ‘Apply AI’ Strategy to Boost Domestic AI Adoption

10/09/2025
Next Post
Funding Africa startup

Atlantica Ventures, an African tech startup fund, has received $23.8 million in funding

Donald Trump

Truth Social, Trump's social media app was launched on Apple's App Store

MarketForce Kenya

MarketForce raises $40 million in Series A funding to expand its super app for Africa's informal merchants

No Result
View All Result

The Big 5

Global Migration

Tech Innovations in Global Migration and Refugee Support Systems

by Tech Gist Africa
10/20/2025
0

...

Maor Shlomo

Maor Shlomo: From Solo Visionary to AI Pioneer — A Journey of Innovation and Impact

by Tech Gist Africa
10/17/2025
0

...

google Tech Gist Africa

Google Empowers African University Students with Free Access to AI Tools

by Tech Gist Africa
10/16/2025
0

...

Ized Uanikhehi

The Visionary Journey of Ized Uanikhehi

by Tech Gist Africa
10/13/2025
0

...

Funding

UK Government Launches £500 Million Fund to Propel Regional Tech Innovation

by Tech Gist Africa
10/09/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.