Warba Bank, a Kuwaiti-based Islamic bank, was recently made the latest metaverse corporation. Two sites are now occupied by the bank: one in Decentraland, and one on Sandbox.
The Kuwait-based Warba Bank, which is headquartered in Kuwait, recently announced that it now occupies two metaverse sites, one on Decentraland, and one on Sandbox. This was a first for an Islamic banking institution. It is expected that the bank’s presence on the metaverse will help it communicate with the younger generation.
Anwar Bader al-Ghaith, VP of Support Services and Treasury , spoke out after Warba Bank’s confirmation.
Warba Bank’s desire to enter this virtual reality is within the context of digital trends that transform into a [Web3]. Virtual reality can be used in many advanced areas, such as education and health. Warba Bank strives to communicate with its customers in virtual reality and to present its products and services.
Al-Ghaith stated that Warba Bank is keen to support its younger clients, hence its entry in the metaverse. According to the bank’s statement, Warba Bank is working hard to reach its ambitious goals and to increase the benefits of digital services.
According to the statement, the bank will also be focusing on artificial intelligence and emerging technologies.
