• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
Warba Bank

Warba Bank Becomes 1st Islamic Lender To Enter The Metaverse

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News, metaverse
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Warba Bank, an islamic bank headquartered in Kuwait, is the latest banking corporation from the Middle East and North Africa region to make a foray into the metaverse, a massive virtual realm centered on social interaction.

In what has been heralded as a first for an Islamic lender, Warba Bank has announced that it now owns two sites in the metaverse, one on Sandbox and one on Decentraland.

According to a statement released by the bank, the move is designed to increase Warba’s communication with the younger and millennial generations.

Suggested Reading | CFTC Slaps CEO With Record $1.7 Billion Bitcoin Fraud Charge

Warba Bank Aims To Become A Leader In Digital Transformation

As part of its efforts to enhance its reputation as a leader in digital transformation, the bank intends to collaborate closely with its clients to introduce its products and services in virtual reality.

Warba Bank was established on February 17, 2010 pursuant to an Amiri Decree aimed at reviving Kuwait’s economy after the country’s economic turmoil.

🇰🇼 Kuwait-based Warba Bank has announced its presence in the #Decentraland and #Sandbox metaverse.

— Watcher.Guru (@WatcherGuru) July 3, 2022

Warba Bank entered the Islamic Banks Register at the Central Bank of Kuwait on April 7, 2010. The bank fulfilled Kuwaitis’ hopes and earned their confidence.

Anwar Badawi Al-Ghaith, Executive Vice President for Support Services and Treasury at Warba Bank, stated:

“Warba Bank aspires to be near to its clients in virtual reality to promote its products and services, as well as to communicate with them in a creative manner that reflects Warba Bank’s reputation as a digital transformation pioneer.”

Al-Ghaith emphasized that Warba Bank is eager to be a trend-setter in this augmented worlds, helping both young consumers in the Bloom group and the rest of the market.

The Metaverse & Islamic Beliefs

On February 8, 2022, a Metaverse initiative for modern Muslims was created. MetaKawn, the latest NFT project inspired by Islamic beliefs and social morals, is the ecosystem’s first metaverse designed for the future of contemporary Muslims.

MetaKawn was created by the versatile entrepreneur Othmane Meziane and the marketing strategist Youssef Tazi.

Crypto total market cap at $8.68 billion on the daily chart | Source: TradingView.com

Suggested Reading | Meta Drops The Axe On Its Digital Wallet Novi

Kuwait Finance Ministry: No Love For Crypto

The Ministry of Finance of Kuwait does not acknowledge cryptocurrencies for official business transactions. Likewise, the Central Bank of Kuwait restricts the banking industry and entities under its jurisdiction from engaging in cryptocurrency transactions.

According to Shivam Thakral, CEO of BuyUcoin, the metaverse and cryptocurrencies cannot be separated since their basic technologies are the same and cryptocurrencies are fundamental to the regulation and operation of the metaverse.

Image: SAP Blogs

By 2030, the metaverse might bring $1.5 trillion in value to the global economy. A large portion of this value might be realized in the form of digital currency.

As more and more individuals become acclimated to utilizing cryptocurrencies as a form of payment, this may indicate that cryptocurrencies may enter the mainstream, the metaverse included.

Featured image from Behance, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

crypto

Crypto Gets An Upgrade? Japan To Label It As A Financial Product

2 months ago
Top 5 Crypto Presales to Keep an Eye on in January 2025

Top 5 Crypto Presales to Keep an Eye on in January 2025

5 months ago
this-new-cryptocurrency-set-to-13x

This New Cryptocurrency Set to 13x According to Analysts

5 months ago
6 Meme Coins Making Waves This Week

6 Meme Coins Making Waves This Week

5 months ago
Musk Makes Memes Great Again – As PEPE Surges, WEPE to Follow?

Musk Makes Memes Great Again – As PEPE Surges, WEPE to Follow?

5 months ago
STARS Token Surges 22% With Pending CEX Listings

Meme Coin Price Surge Predicted for Crypto All-Stars Following CEX Listing News, $STARS Token Climbs 22%

5 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • ETHRANSACTION opens up a path for XRP holders to secure...

    6 hours ago
  • A new option for XRP and DOGE investors: quietly turning to...

    6 hours ago
  • Earn $7,300 in passive income per day – BJMining will...

    8 hours ago
  • A Complete Guide to Cloud Mining: Unlock Passive Income by...

    9 hours ago
  • ETHRANSACTION Cloud Mining Platform: A new era of XRP and...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.