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Stripe introduces a fiat-to-crypto service
Internet payment processor Stripe has introduced a fiat-to-crypto on-ramp to address the “cold start problem” faced by Web3 companies due to customers not having “crypto in their wallets to carry out transactions.” According to a May 4 statement, Stripe’s newly launched fiat-to-crypto on-ramp, which Stripe itself will host, will allow Web3 companies to offer United States-based […]
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Ithra and the Cinema Society introduce programs and initiatives such as VR to further develop the film sector in KSA
The King Abdulaziz Center for World Culture, also known as Ithra, has teamed up with the Cinema Society in Dhahran to introduce programs and initiatives designed to aid the development of the film sector in the Kingdom and help local industry professionals to develop their talents. The partnership agreement was signed by Abdullah Al-Rashed, Ithra’s […]
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The Metaverse is thriving… contrary to the media
In recent months, the concept of the metaverse has gained increasing attention in the media, with many articles claiming that the metaverse is dead. However, this couldn’t be further from the truth. The metaverse is still very much alive and thriving, with continued investment, innovation, and growth in the industry. One of the reasons why […]
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The global Metaverse industry is expected to grow by 44.8% in 2023
The Metaverse industry is expected to grow steadily over the forecast period, recording a CAGR of 33.5% during 2023-2030. The Metaverse Spend Value in the country will increase from US $141.8 billion in 2022 to reach US $1,549.5 billion by 2030. The global Metaverse industry is expected to grow by 44.8% on an annual basis […]
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Australia has continued to install crypto ATMs to surpass Asia
Australia, the country that hosts the third-largest network of Bitcoin ATMs, surpassed the continent of Asia in terms of the total number of crypto ATMs installed. Since the beginning of 2023, Australia has been on a crypto ATM installation spree, climbing from fifth to third in January alone. Data from Coin ATM Radar confirms that the country has kept up the effort […]
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KPMG established the Centre of Excellence for Metaverse and Digital Twins
KPMG, a leading provider of audit, tax, and advisory services announced the establishment of its Centre of Excellence (CoE) for Metaverse and Digital Twins. KPMG is bringing together a broad collective, with Microsoft, leveraging infrastructure and gaming platform, Ericsson for their 5G technology and network; and Metakey as the technical partner to develop 3D objects. […]
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The UK’s new department will advance the Metaverse and Web3 within the country
The U.K.’s newly formed Department of Science, Innovation, and Technology will advance the country’s metaverse and Web3 strategy, an individual familiar with the matter not authorized to speak publicly told CoinDesk. The country’s 2023 Spring Budget, released in March, said the government wanted to “lead on the future of web technology, sometimes known as Web3 or the […]
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World Metaverse Council to host event in Saudi Arabia
The World Metaverse Council, a platform leading the dialogue for an equitable and inclusive life in the metaverse, has been announced as a strategic partner for the Metaverse Discovery and World Metaverse Awards taking place in Riyadh later this year, according to a statement. The World Metaverse Council aims to encourage collaborations in an attempt […]
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The G7 look at regulations for crypto
Group of Seven (G7) advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said on Tuesday. The move will be among the key themes of G7 discussions that Japan chairs this year, as part of efforts to […]
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Russians value crypto assets more than mutual funds or gold survey finds
As Russian citizens attempt to navigate a global financial market that has become increasingly hostile due to sanctions placed on the country for its invasion of Ukraine, a new study shows that they are increasingly turning to cryptocurrencies as their preferred store of wealth. According to the results of the “Nationwide Survey of Consumer Finance Households” conducted […]
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