South Korea’s Leading Bank KEB Hana Enters the Sandbox
The Sandbox has recently revealed that KEB Hana Bank of South Korea would be joining its popular metaverse. The announcement came only four months after the British bank HSBC joined the ecosystem of The Sandbox.
Hana Bank, established in 1967, is regarded as Korea's top bank, holding the most valuable amount of assets and providing a variety of foreign currency products. Hana Bank's admission into The Sandbox is a part of a national initiative to develop the Korean banking sector's worldwide metaverse operations.
KEB Hana and The Sandbox will create a collaborative business plan and launch a digital bank branch in the metaverse game that enables players to purchase and earn money from digital land plots. The virtual branch will provide KEB Hana's other services and financial products, as well as fundamental banking services, investment guidance, and other banking goods.
The Hana Financial Group is also making an appearance in K-Verse, a virtual environment with plenty of Korean material that assists companies in connecting with younger clients. Therefore, according to Jung Kin, Deputy President of KEB Hana Bank, users of Web3 will interact with it via the metaverse, and the bank is thrilled to be a part of the "new trend."
It should not be surprising that South Korea's top bank will enhance its presence in a leading metaverse given the country's commitment to investing millions of dollars in Web3 and the metaverse.
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