Tintra Shares Rise After 'Metaverse' Bank Platform Development - MarketWatch

By Joe Hoppe
Tintra PLC shares rose Thursday after it said it has developed a built-for-purpose internet banking platform as part of its plan to create the first bank capable of functionally operating within the so-called metaverse.
Shares at 0946 GMT were up 20.0 pence, or 9.8% at 225.0 pence.
The investment-management company said that while other banks are opening lounges and branches in the metaverse–a network of virtual worlds focused on social connection–its infrastructure will allow financial and regulatory communication layers between currently split-up metaverse projects, along with providing a bridge to offline, traditional financial systems.
“The advanced technology the group is developing is set, in the board’s view, to revolutionize the regulatory environment and make access to the global marketplace as seamless in Africa, Latin America or Asia tomorrow as it is in Europe or the United States today,” the company said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
Chinese stocks soar after reports from state-run media say the government will work to stabilize the market and encourage economic growth.
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.


By admin

Leave a Reply

Your email address will not be published.