Meta Pay the new wallet for Metaverse

It is to be able to carry out transactions in the metaverse and it is expected that more and more users will adopt it as a means of payment so that the ecosystem expands

Mark Zuckerberg presented Meta Pay as “a digital wallet for the metaverse” through his personal Facebook account, where he confirmed that it will continue to offer the same functions as its predecessor.

“It will remain the same easy way to shop, send money, and donate to causes that matter to users on Facebook, Instagram, WhatsApp, Messenger and any other place where it can be used Facebook Pay“, he added.

“Ideally, you should be able to log in to any experience of metaversoy everything you’ve ever bought should be there,” Zuckerberg said.

He further mentioned, “There’s a long way to go, but this kind of interoperability will deliver much better experiences for people and greater opportunities for creators.”.

The future of payments is in the Metaverse

The evolution of the Metaverse

For Zuckerberg, experiences in the metaverse can be more immersive than text, photos or videos, which are ubiquitous on Facebook and Instagram, which is why it will be a big theme for Meta for the next decade.

Although the company has recently changed its name, the truth is that it has been heading towards virtual worlds since 2014when he paid US$2 billion for the manufacturer of the Oculus VR.

This interoperability proposal pursues the idea of ​​bringing its products to any metaverso.

Although this cannot be technically guaranteed yet, Meta It has already made public its intention to form a group of standards so that the developers of this kind of digital experiences are framed in common languages ​​and technologies.

Metaverse and the world to come

Metaverse and the world to come

Meta Pay

In May of this year, when it was announced that Meta Pay would be the new name of this system.

“We’re working on something new: a wallet for the metaverse that lets you securely manage your identity, what you own, and how you pay,” Zuckerberg said.

He concluded: “The more places you can easily use your digital goods, the more you will value them, which creates a bigger market for creators.”