Metaverse won't be turning point in cryptocurrency adoption, investor Chesnais says


A 3D printed Facebooks new rebrand logo Meta is placed on laptop keyboard in this illustration taken on November 2 2021. REUTERSDado RuvicIllustration

A 3D printed Facebook's new rebrand logo Meta is placed on laptop keyboard in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) - The growth of online virtual worlds will help advance the mainstream adoption of cryptocurrencies for payment transactions but it won't be a game-changer, according to Frédéric Chesnais, chief executive of French fintech company Crypto Blockchain Industries.

In blockchain-based 3D virtual worlds, often referred to as metaverses, users can purchase and trade virtual assets and services using cryptocurrencies. Some analysts have argued the growing popularity of metaverses will drive an explosion in digital tokens.

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