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Kuwait’s Warba Bank Enters the Metaverse Leveraging Decentraland and Sandbox

Kuwait-based Warba Bank has announced its presence in the Decentraland and Sandbox metaverse making it the first Islamic bank to enter the metaverse globally.

By Anna B Kiwanuka

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The Islamic bank Warba located in Kuwait will launch two sites in the metaverse, one each in Decentraland and the Sandbox. The bank is the most recent financial institution to launch in the metaverse. Warba is the first Islamic bank globally to enter the metaverse.

The move is intended to ramp up the bank’s communication with the younger and millennial generations.

“Warba Bank’s interest in entering this virtual reality comes within the framework of digital trends to transform into a Web3. The world of virtual reality is used in several advanced fields, including services, education, health and others,” said Anwar Bader Al-Ghaith, Warba Bank’s VP.

Warba Bank aspires to enhance its reputation as a leader in digital transformation. The bank also desires strong client collaboration as it launches its virtual reality offerings. It is now trying to both improve the advantages of digital services and fulfill its lofty goals, according to a statement issued by the bank.

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Al-Ghaith declared that Warba Bank is eager to be a trendsetter in this virtual reality, supporting young customers from the Bloom bracket as well as the rest of its clientele. The bank envisions communicating with them and meeting all of their banking needs, in addition to offering all the new products and services launched by the bank.

Additionally, Warba Bank is working hard to implement the newest technology and improved digital services as quickly as possible in order to meet its objectives. The bank also wants access to artificial intelligence, which will enable it to use programs at any time and from any location.


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