Mastercard has partnered with Xsolla and Immersve to address virtual payment issues and become the metaverse's default payment processor.
The
partnerships aim to allow customers to use their reward points for
in-game purchases and spend cryptocurrency directly from their Web3
wallets.
- The infrastructure for virtual commerce is currently underdeveloped in most metaverse platforms.
- The lack of interoperability between platforms makes transferring virtual items and currency difficult.
- Mastercard
aims to address pain points such as the difficulty of gifting in-game
currency, lack of parental controls, and risk of fraud or cyberattacks.
- It
will take time for Mastercard to establish itself in the metaverse, and
companies must convince platforms to use their infrastructure.
- Web3 payment is expected to become the everyday experience in the metaverse, evolving into a more seamless metaverse experience.
