“IN OPEN METAVERSE ENVIRONMENTS ... IT CAN BE CHALLENGING TO VERIFY THE IDENTITY OF THE PEOPLE YOU INTERACT WITH ”
MARK HUGHES SVP OF SECURITY DXC TECHNOLOGY
While admitting the use of crypto could grow in parallel to the metaverse , “ a cumbersome process of setting up a crypto wallet , lack of comfort and ease around custody , negative headlines in the crypto world , and the volatility of the coins themselves all contribute to making cryptocurrencies a less-thanideal choice for the average user .”
He adds : “ With regulatory uncertainty clouding the picture and environmental concerns on many people ’ s minds , I wouldn ’ t bet my last bitcoin on cryptos ruling the metaverse . For those who aren ’ t crypto enthusiasts , to begin with , the ease , familiarity , and stability of paying with money (“ fiat ” as crypto enthusiasts would say ), rather than cryptocurrencies , will be more appealing .
88 September 2023