The wallet, dubbed Meta Pay, will be an evolution of what's known today as Facebook Pay, but with a new focus on digital identity and proof of ownership.
Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as a universal way of paying for goods and services using digital identities in the metaverse.Meta is trying to solve the problem of transaction and value interactions in the metaverse. The companythe launch of a new digital wallet that will support the economy of users in the upcoming iteration of Meta’s metaverse.
The wallet, dubbed Meta Pay, will be an evolution of what’s known today as Facebook Pay, still supporting the array of payments it handles currently, but with a new focus on digital identity and proof of ownership.According to Meta CEO Mark Zuckerberg, Meta Pay will be a solution to two issues in the metaverse: accessibility to digital goods and proof of ownership.
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