Facebook Pay becomes Meta Pay with a digital wallet for Metavers


(Pocket-Lint) – Meta CEO Mark Zuckerberg has announced that the company is rebranding Facebook Pay to Meta Pay and creating a digital wallet for Metaverse. This rebranding is the first step towards that goal but in the meantime, the plan is to keep things the same.

In other words, Meta Pay will still be an easy way to send money to friends and family on Facebook, Instagram, WhatsApp and Facebook Messenger. It can be used to pay for your purchases or to donate easily because of your care.

According to Official post, Meta Pay’s future plans will see it become a secure digital wallet for use in Metaverse and allow you to securely manage your identity and how you pay for things. This will include both the payment and ownership management of the various digital items.

Users will be able to buy and sell all kinds of digital items, from digital clothing to art, music, virtual experiences, special virtual events and more. Being able to prove ownership of these digital items is going to be an essential part of the Metaverse experience and so MetaPay is adapting to meet those needs.

The idea is to create a seamless way to handle all of this throughout any Metavers experience. This in turn will not only create a safer and more secure experience but will also add value to digital products that will further benefit manufacturers in the future.

Writes Adrian Willings.

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