Either it will be the best thing the crypto world will ever experience or a farce in the name of the best thing the world will ever experience.
That’s pretty much the discussion around virtual reality (VR), a technology which allows humans beings to experience an immersive illusion of being somewhere else. Many Hollywood blockbusters, including The Matrix, and the very recent Ready Player One, attempted to illustrate how the next generations of VR technology could be. In these movies, protagonists were living inside a world created by stunning – and almost paranormal – objects. They had a job (even if it was about kidnapping a key maker), expensive Ferraris, and even a bae to hang out with.
Away from the sci-fi, engineers meanwhile are exploring real-time use cases based on the VR. The technology is promised to gamers, with the influx on highly-handed games launched by the Play Station and the Xbox. Apart from that, the possibilities of removing the middle layer of keyboards and emails and using avatars to pass down information at workplaces are also being explored.
It could be a reason why Brian Armstrong, co-founder of one of the largest crypto exchanges Coinbase, believes that VR could become a tool to expand virtual payment technologies. They could allow participants to earn virtual money which they can take back to the real world and spend them like any other fiat money.
“The reason is simple,” explains Armstrong. “When people transact