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Mastercard charts a path to becoming the metaverse’s default payment processor 💳
🛍️ Renowned global payment platform, Mastercard, is on its way to becoming the go-to method of payment for virtual commerce in the metaverse.
💳 The company is now partnering with Xsolla, a video game commerce company, and Immersve, a web3 payment platform, to make seamless virtual payments a reality.
🕹️ With the growing economy of the metaverse, it's promising to see Mastercard taking steps towards addressing virtual commerce issues, to encourage more brands and creators to benefit from this lucrative industry.
💰 Mastercard's partnerships aim to increase microtransacting opportunities in virtual economies, where digital rewards points and cryptocurrencies can be used as electronic payment tokens in the virtual world.
👨💼 This growth comes at an opportune time, now that metaverse investments and tangible revenue opportunities such as virtual commerce, are crucial in proving the value of these spaces.
#Metaverse #VirtualCommerce #DigitalPayments #Mastercard #Insights
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