First ATM in The Metaverse To Be Launched by Decentraland

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First ATM in The Metaverse To Be Launched by Decentraland


Virtual reality company on the Metaverse Decentraland, one of the most popular platforms around, is setting up the first Metaverse ATM in the world in partnership with Transak and Metaverse Architects. Decentraland, which was founded in 2015 by Argentinians Ari Meilich and Esteban Ordano but launched in 2017 (before being opened to the public in early 2020), allows users to create unique content and apps, share them, and make money from them and is based on the Ethereum blockchain.

The collaboration with Metaverse Architects and Transak will make it easier to buy Mana and other cryptocurrencies. Used as the in-game currency, the Mana cryptocurrency gives players/users the possibility to buy and sell things inside the game.

If you are interested to learn more, check our article about Decentraland Metaverse

“Smoother Experience”

According to the developers who created the ATM, it was created to make things easier for those who use it. In a blog post, the developers said, “Like a real ATM, we wanted to give customers a smoother Web3 navigation experience.”

Already last week (August 3rd), there was a public meeting where more information was given about how the ATM works and how it will be set up on your property.

And it’s not just pure-play metaverse companies that are seeing an advantage to the move, with banks — namely J.P. Morgan, which started building its first metaverse lounge on Decentraland this year, and HSBC, which has stated that it will work in cooperation with The Sandbox to some capacity.

On the partnership, Metaverse Architects said:

“We hope to support the burgeoning Decentraland ecosystem with the tools and technology necessary to facilitate frictionless payments that will increase conversion rates in stores and reduce the knowledge gap for participation in Decentraland.”

James Dargan

James Dargan

James Dargan is a writer and researcher at The Metaverse Insider. His focus is on the QC startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

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