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Virtual Reality (VR) will be the next big thing that cryptographic space will ever experience or one of the best things the world will experience. Yes. That discussion is making turns in the world of virtual reality. VR is a technology that allows humans to experience an immersive illusion about being somewhere else.
In recent years and even decades ago, successful films like Ready Player One and Matrix have included technology or at least have given us an idea of what the next generation of technology would be like.
In most of these films that portray virtual reality, the protagonists lived in a world made up of extraordinary objects close to the paranormal. They had a job (even if he was kidnapping a key maker) or they had expensive Ferrari and a woman to go out with.
Bitcoin (BTC) Price today – BTC / USD
VR developers have explored ways to make technology more enjoyable
Going forward, engineers have meanwhile explored real-time use cases based on virtual reality. The technology has been promised to gamers, with the numerous high-speed video games launched by Play Station and Xbox. In addition, the ability to remove the intermediate layer of keyboards or e-mails is explored, and avatars can be used to transmit information to workstations.
Virtual reality could be a tool to facilitate virtual payment technologies
This could be one of the reasons that the co-founder of Coinbase, one of the largest exchanges in the world, Brian Armstrong, believes that VR technology can be a tool to explore virtual payment technologies. They can allow participants to make virtual money, which they withdraw and spend in the real world as a normal legal currency. According to Armstrong:
"The reason is simple when people conduct transactions in virtual worlds; it makes no sense to use the legal currency of a country. Many people all over the world will play in virtual spaces. So it would be exclusive to use only one currency in a virtual world. Moreover, cryptocurrency will give people an incentive to spend more time in virtual worlds (because they can earn money) by creating a cycle for companies that build digital worlds".
What would it mean if Bitcoin (BTC) were in a VR world?
Armstrong cited the Ready Player One copper coins. Copper coins were seen as a treasure in a virtual world. Players have stored these coins in a lot of companies. According to him, developers of virtual worlds can create a centralized digital currency or simply implement an existing option such as BTC or ETH. He imagined how players would start spending more time in virtual worlds to gain passively, especially when these gains can be spent in real life.
While this theory of including virtual currencies in a digital world, for now, sounds like a science fiction movie, it is still a very interesting proposition that looks at the technological corner. Who knows, if this technology is implemented you will no longer need to go to work in an office because you can simply wear a headset and decide to check each activity at random using an avatar in the virtual world.
