Commercial Bank International is the First UAE Lender to Launch Metaverse Location

Dubai-based Commercial Bank International (CBI) is now in the metaverse. The bank announced the launch of their metaverse location, making it the first UAE bank to have presence in the metaverse.

CBI’s virtual location can be accessed by visitors via Decentraland at cbi.dcl.eth or (63, -127) using the Decentraland map coordinates. The bank’s virtual location can also be accessed through portals, the bank said in an emailed statement.

“We are proud to be the first ever bank in the UAE and among the first in the Middle East to bring the metaverse experience to our customers and people", said CBI Chief Executive Officer Ali Sultan Rakkad Al Amri.

Al Amri added, “It is testament to our strong support and belief in the country’s vision of being a leader in innovation worldwide. We aim to enhance the integration of real and digital worlds, and we will continue to implement new digitization initiatives and advanced technologies to serve our customers better.”