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Metanews Videos January 12, 2022

Lynx has revealed its metaverse payment system

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Lynx, a Canadian startup, has added support for metaverse-based services to its financial infrastructure. Lynx is developing the technology and payment layer. They convert NFT game winnings into actual fiat currency for every day’s purchases. Play-to-Earn workers can cash out their NFT token winnings to cash or a Lynx prepaid card. Which can later serve to buy groceries, pay bills, and enjoy financial inclusion, using Lynx’s digital payment and cash-in/cash-out wallet.

lynx metaverse

The company’s current offering of financial services to its target customer base in Southeast Asian markets will expand as a result of this. Lynx possesses a banking license and a related crypto license. As well as an e-money issuing license, thanks to its prior acquisition of BRB (Philippines) and its other regional activities.

The goal now is to fully integrate existing banking and payment infrastructure into a meta-virtual community. The company is currently assessing the potential of the metaverse.

Play to Earn (P2E)

P2E represents a large community of players who participate in crypto-based games. Furthermore, they play to build and acquire valuable digital objects that can be sold for profit.

This technology and payment layer are being developed by Lynx to convert NFT game wins into actual money for everyday use. Thus, workers may cash out their NFT token wins in fiat money or on a Lynx prepaid card. Which would, therefore, be allowing them to shop, pay bills, and enjoy financial inclusion, thanks to Lynx’s digital payment and Play-to-Earn cash-out/disbursement wallet. Lynx’s Metaverse finance platform will find its purpose on that.

Lynx intends to reimagine the global money transfer product through a money transfer experience enabled by the Metaverse: creating digital meeting spaces that allow senders to visit and communicate with loved ones while facilitating money transfers in a simple, entertaining, cost-effective, and secure manner.

For MetaNews.

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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