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MetaMoney: Exploring the intersection of financial systems and virtual worlds

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  • Kumar, Satish
  • Sureka, Riya
  • Lucey, Brian M.
  • Dowling, Michael
  • Vigne, Samuel
  • Lim, Weng Marc

Abstract

As digital assets and decentralized finance (DeFi) rapidly evolve, the integration between financial systems and virtual worlds—increasingly known as the metaverse—is expected to gain momentum. The metaverse promise to be a critical use-case for DeFi—a financial field that has so far struggled to find convincing use-cases. Digital finance, in return, offers a means of financing, developing, and incentivizing metaverse citizens, especially at a time when virtual worlds are struggling to convince the public of a compelling case for their existence. In this study, we review existing research on financial applications within the metaverse, including virtual financial services, instruments, intermediaries, and markets. Building upon this foundation, we introduce a conceptual design for the integration of financial systems with the metaverse. Through this study, we highlight emergent areas and provide valuable insights to guide future academic and practical endeavors in the financial and virtual space.

Suggested Citation

  • Kumar, Satish & Sureka, Riya & Lucey, Brian M. & Dowling, Michael & Vigne, Samuel & Lim, Weng Marc, 2024. "MetaMoney: Exploring the intersection of financial systems and virtual worlds," Research in International Business and Finance, Elsevier, vol. 68(C).
    • Handle: RePEc:eee:riibaf:v:68:y:2024:i:c:s0275531923003215
    DOI: 10.1016/j.ribaf.2023.102195
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    References listed on IDEAS

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    Cited by:

    1. Aysan, Ahmet Faruk & Batten, Jonathan & Gozgor, Giray & Khalfaoui, Rabeh & Nanaeva, Zhamal, 2024. "Metaverse and financial markets: A quantile-time-frequency connectedness analysis," Research in International Business and Finance, Elsevier, vol. 72(PB).
    2. Lim, Weng Marc & Kumar, Satish & Donthu, Naveen, 2024. "How to combine and clean bibliometric data and use bibliometric tools synergistically: Guidelines using metaverse research," Journal of Business Research, Elsevier, vol. 182(C).
    3. Aysan, Ahmet Faruk & Gozgor, Giray & Nanaeva, Zhamal, 2024. "Technological perspectives of Metaverse for financial service providers," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    4. Lavan, Thusyanthy & Martin, Brett A.S. & Lim, Weng Marc & Hollebeek, Linda D., 2024. "Social isolation and risk-taking behavior: The case of COVID-19 and cryptocurrency," Journal of Retailing and Consumer Services, Elsevier, vol. 81(C).

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