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South Korea’s Woori Bank Launches Metaverse Banking Experience

Woori Bank has launched a 3D metaverse banking service for small businesses. The Korean commercial banking giant is joining a growing list of financial institutions that have launched metaverse experiences.

HSBC, Fidelity, UAE’s Commercial Bank International and South Africa’s Nedbank have all launched 3D virtual experiences in the metaverse. Companies are looking to pounce on an opportunity that could be worth $5 trillion by 2030 according to a report by market research company McKinsey & Co.

The metaverse allows businesses to offer immersive 3D experiences like gaming, trading, education and virtual events. However, more companies offering mainstream services like banking are now flocking in to tap into the digital economy.

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