- Lynx Global Digital Finance Corporation (LYNX) plans to extend financial infrastructure to include support for metaverse-based services
- The company has identified two use cases that will be the focus of its initial product offering
- Play to Earn (P2E), is made up of a population that plays crypto based games to create and earn valuable digital items to sell
- To enhance the remittance experience, Lynx Global will create digital meeting spaces to allow a remitter to visit with and communicate while facilitating the transfer of money
- Lynx Global Digital Finance Corporation (LYNX) is unchanged trading at $0.27 per share as of 10:40 a.m. EST
Lynx Global Digital Finance Corporation (LYNX) plans to extend financial infrastructure to include support for metaverse-based services.
This will help Lynx Global’s current offering providing financial service to its targeted client base in the markets of Southeast Asia.
Lynx Global has a bank, relevant crypto license, and electronic money issuer license from its previous acquisition of Binangonan Rural Bank.
The company focuses on fully integrating the existing financial payment and infrastructure with a metaverse virtual community.
The company has identified two use cases that will be the focus of its initial product offering.
The first, Play to Earn (P2E), is made up of a population that plays crypto-based games to create and earn valuable digital items to sell.
This model generated $2.5 billion in the first half of 2021.
During the pandemic, the P2E industry saw thousands of people switching their careers to become NFT gamers.
Over half of the P2E users were from the Philippines and Vietnam.
Lynx Global is building a technology and payment layer that turns NFT gaming earnings into real funds for day-to-day living.
P2E workers will be able to cash out their NFT Token earnings into fiat cash or onto a Lynx prepaid card.
It will be done through Lynx Global’s metaverse financial platform.
For the second, Lynx Global will create digital meeting spaces to allow a remitter to visit with and communicate facilitating the transfer of money.
Money transfers to low- and middle-income countries are estimated at $540 billion dollars.
Lynx Global aims to become a leading player in metaverse remittances to allow long-term benefits.
Lynx Global Digital Finance Corporation (LYNX) is unchanged trading at $0.27 per share as of 10:40 a.m. EST.