{"id":9433,"date":"2022-03-19T13:04:53","date_gmt":"2022-03-19T13:04:53","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/the-sandbox-onboards-hsbc-to-add-financial-flair-to-platform\/"},"modified":"2022-03-19T13:04:54","modified_gmt":"2022-03-19T13:04:54","slug":"the-sandbox-onboards-hsbc-to-add-financial-flair-to-platform","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/the-sandbox-onboards-hsbc-to-add-financial-flair-to-platform\/","title":{"rendered":"The Sandbox Onboards HSBC to Add Financial Flair to Platform"},"content":{"rendered":"
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Through its entrance into The Sandbox<\/a>, British bank HSBC has become the latest mainstream financial service to take the plunge into Web3 ongoings. The endeavour comes just one month after its fellow mainstream finance house, JP Morgan, opened up a virtual lounge called \u2018ONYX\u2018 in Decentraland.\u00a0<\/span><\/p>\n

Once established in the ever-popular virtual space, the bank intends to acquire a plot of LAND to facilitate the construction<\/strong> of an interactive and engaging\u00a0<\/span>space for sports, esports, and gaming enthusiasts to come together and enjoy.<\/p>\n

The bank commented on its landmark endeavour in a recent statement, where it stated that The Sandbox platform provides: \u201cgreat potential to create new experiences through emerging platforms, opening up a world of opportunity for our current and future customers and for the communities we serve\u201d.<\/i><\/p>\n

In joining The Sandbox, HSBC becomes the latest addition to an eclectic and accomplished list of platform partners<\/strong> which includes over 200 different companies. Despite such relative dilution, it is widely thought that the acquisition of the banking heavy-weight will add a refreshing and previously-untapped string to The Sandbox\u2019s bow.<\/p>\n

The company\u2019s virtual presence is expected to enhance the platform\u2019s integration of global financial infrastructures. In doing so, HSBC and The Sandbox can both reap rewards from the multi-trillion dollar opportunity in which metaverse banking is set to offer, according to international consultancy Accenture.<\/p>\n

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*All investment\/financial opinions expressed by us are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.<\/em><\/small><\/p>\n<\/p><\/div>\n