Xavatar, Fexco deliver payment technology to the Metaverse
AI-driven entertainment tech company Xavatar has formed a partnership to create a customer-focused payments experience within a virtual space called the Xataverse.
The partnership will enable those that use The Xataverse to make transactions using a bespoke digital wallet based on Fexco payment technology.
The partnership announcement is the latest milestone for Xavatar following its debut at the Cannes Film Festival 2023 which featured a live production of their soon to be released TV series The Art of Movie Music.
The production featured director David Lynch and musicians Donovan, Elvis Costello, George Clinton, and Redman, in partnership with Planet X Studios and The David Lynch Foundatio.
Hosted by the American Pavilion and powered by HP, UnReal Engine and Be Earth Foundation, The Art of Movie Music is an animated variety talk show about movies and music.
Kevin Sharpley COO, Xavatar, said: “When we envisioned the concept of the Xataverse and the accompanying payment system, Fexco helped us to understand the mechanics and together, we were able to integrate what this process will be for the greater ecosystem that encapsulates our immersive experience of The Xataverse. We feel this revolutionary tool will allow people the opportunity to best integrate with our show The Art of Movie Music and our other upcoming offerings both in the digital and real world and ultimately save everyone time and money.”
Karl Aherne, COO of Fexco, added: “The metaverse offers an exciting new opportunity for fintech innovations. This partnership allows us to leverage Fexco’s decades of experience in cutting-edge payments technology and the expertise of the Xavatar team to deliver an unparalleled customer-focussed payment experience within the Xavatar metaverse and online.”
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