The Decentraland metauniverse, together with the Transak payment service, offered the owners of virtual land to host crypto ATMs to increase the growth of cryptocurrency transactions.
Payment platform Transak announced on Twitter that it has developed a crypto ATM that exchanges digital assets for fiat currencies and is capable of being integrated into the Decentraland metaverse.
“The Transak ATM is the world’s first fiat-to-cryptocurrency exchange terminal designed to work in Decentraland. Users will be able to buy MANA directly into their wallets!” the platform solemnly proclaims.
Transak claims that the ATM is fully interoperable with Decentraland. In addition to the internal MANA token, any other digital assets and traditional currencies will be available to customers.
According to the developers, as in the case of real-world crypto ATMs, virtual crypto ATMs in Decentraland will simplify the interaction with cryptocurrencies for users who are just taking their first steps into the industry. The company believes that this approach will make it easier for inexperienced users to transition from real life to the virtual space of the metaverse:
“We wanted to provide users with a more hassle-free journey when navigating Web3.”
The company hopes to support the growing Decentraland ecosystem, improve in-store conversion rates, and close the knowledge gaps of blockchain and cryptocurrencies among visitors to the metaverse, with the tools and technologies needed to facilitate payments, the company hopes to support the growing Decentraland ecosystem. The developers hope that such technologies will increase the total number of transactions in the virtual world.
The team encourages land owners in Decentraland to join the project and receive the necessary instructions to install a cryptomat on their digital land.
Analysts of the international consulting company McKinsey & Company believe that one of the main ways to make money in the metaverse will be e-commerce, the turnover of which will reach about $3 trillion.