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Crypto: Decentraland allows bitcoin (BTC) withdrawals in the metaverse

Sun, August 7, 2022. ▪ 21:00 ▪

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If you don’t have enough fiat or cryptocurrency in the metaverse, don’t worry. Because Decentraland just launched the first metaverse ATM, a kind of virtual ATM. Please note that this device was born in partnership with Transak and Metaverse Architects. Specifically, it will empower your avatars to withdraw BTC, MANA and other cryptocurrencies in the virtual world.

A virtual ATM to be installed in your plot

The race for innovative projects in the virtual world is now on. Decentraland, one of the pioneers in the sector, wants to stand out from the pack. In this spirit, he set up the first ATM in the metaverse.

Just like an ATM in real life, we wanted to give users an easier journey while browsing the web3 “, the developers of Decentraland said in a recent press release.

To create the first metaverse cryptocurrency distributor, Decentraland had to call on the payment gateway Transak and the studio Metaverse Architects. Tomorrow, August 8, distributors will have to test this new feature from Decentraland, which will allow the exchange of fiat for cryptocurrencies such as MANA, ETH or BTC. They will be taught to occasionally set up a virtual ATM on their property.

This initiative seeks to fulfill the goal of Decentraland ” reducing the knowledge gap for participation in Decentraland “.

And complementarity with distributors in the physical world?

As for Decentraland, it should be noted that it is a completely decentralized virtual world where players can buy, develop and sell digital real estate, NFTs or even digital artwork. Like many other projects from the crypto universe, it is supported by Ethereum.

It also empowers the development of 3D environments, hanging out with friends, participating in games, organizing exhibitions, etc.

Note also the existence of several crypto ATMs in the real world. On May 11 alone, statistics showed 37,293 bitcoin ATMs worldwide. To put it this way, at the moment, the United States of America is leading the dance with 32,807 ATMs across its territory. Can’t wait for Decentraland’s metaverse ATM.

Sources: Indian Express; NFT Evening; Decentraland

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The blockchain and crypto revolution is underway! And on the day when the effects are felt on the world’s most vulnerable economy, against all hope, I will say that I had something to do with it.

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