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UK based global currency account provider sokin It will soon launch the world of e-commerce into the metaverse, allowing brands and companies to move from their physical locations to the virtual world, according to Company Announcement Thursday (17 February).
The Sokin metaverse, which will process all e-commerce transactions, will host a 3D community of brands and retailers – including sporting goods, fashion and more – and allow consumers to find, connect, transact, invest in and buy mobile apps.
“The Sukin Metaverse will be home to many brands and companies that visitors will be able to access, for example, a football club, entertainment brand or fashion,” he said. Fron MudgelFounder and CEO of Sokin in a company announcement.
“We’ve seen campaigns for retailers where an avatar designs a piece of clothing, but the experience ends there abruptly. We’re closing the sales cycle by ensuring that a purchase can be made directly into the Metaverse experience – an unprecedented innovation we’re driving as we bridge the gap between the Metaverse and the physical world,” he said.
In August, Sokin launched the Global Currency Account, which provides consumers with 51% cheaper global cash and currency transfers in 38 currencies for more than 200 countries and territories for a fixed monthly fee.
Sokin is available in 32 countries and has over 120,000 registered users and 175,000 on the global waiting list, with launches in Brazil, Canada and India.
Related: Sokin launches Enterprise platform for international payments
In April, Sokin launched the Sokin Enterprise payment platform, which allows organizations to make unlimited instant payments and currency transfers for a fixed amount. It is one of the many commercial offerings for Sole Proprietorship and Small and Medium Enterprises (SMEs) that the company continues to work on.
Former British football star Rio Ferdinand is one of the main investors in Soken. Founded by Modgill in 2019, the company is headquartered in London and has 10 offices worldwide.
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