HomeTech NewsMeta Pay rebrands towards to digital payments in the Metaverse

Meta Pay rebrands towards to digital payments in the Metaverse

Facebook parent company Meta is taking its first steps towards digital payments in the Metaverse, with the rebranding of the original “Facebook Pay” to “Meta Pay” announced by Mark Zuckerberg.

In essence, it is the same payment tool as in the past. When shopping, remittance or donation, you can still pay with peace of mind in Facebook, Instagram, Messenger and other apps; own digital items and how to pay for them.

Zuckerberg said through his personal Facebook account that in the future, people will have all kinds of digital items they want to create and buy, such as virtual clothing, art, video, experience, activities, etc. Digital ownership proof is very important, especially when When you want to take away digital items across different services or platforms.

So ideally, people should be able to access and access various metaverse experiences through Meta Pay’s wallet service, where the digital items they want to buy are there. Such a vision still has a long way to go, and it is expected to bring a better experience for people and more opportunities for creators.

A wallet service that proves it owns digital items sounds a lot like a cryptocurrency wallet that holds NFTs, but Zuckerberg’s post didn’t mention any blockchain technology.

Meta has recently been working on integrating NFTs into Facebook and Instagram, and the company has yet to say whether it will use cryptocurrencies to build the entire metaverse.

At the same time, Meta, Microsoft, Nvidia, and other large companies and international organizations competing to create the concept of the Metaverse have formed the Metaverse Standards Forum to promote industry development standards. technology and language are consistent.


Mehmet S. Kaya
Mehmet S. Kayahttps://teknonel.com
Mehmet is one of the administrator of Teknonel. As a software developer, he loves to share his knowledge in related topics. He is highly familiar with the editorial process from the inception of an article idea, through the iterative process, publishing, and performance analysis as well as product reviews.

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