Kuwaiti Warba Bank Enters the Metaverse Through Two Websites 

Kuwait-based Warba Bank has announced that it has entered the metaverse, occupying two websites, Decentraland and Sandbox.

Why it Matters?

As Virtual Reality (VR) is now used in a wide range of businesses, including education, medicine, and the services industry and as digital trends continue to evolve into Web3, Warba Bank plans to bring VR to a more convenient location and cater to its younger clientele, according to Anwar Bader Al Ghaith, Warba Bank’s Acting Deputy Chief Executive Officer (CEO) of Support Services & Treasury.

Details

In 2021, Warba Bank recorded a year-on-year growth rate of 181%. Warba Bank’s Long-Term Issuer Default Rating (IDR) has been affirmed at 'A' with a Stable Outlook in...