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Meta Pay Announcement

Meta Pay

Meta Pay Announcement

Zuckerberg Details His Plan to Move Your Digital Items Across the Metaverse

Mark Zuckerberg announced in June 2022 that Facebook Pay has officially become Meta Pay. His aim is mainly focused on what the company hopes to build in the future — “a wallet for the metaverse.” Zuckerberg says the company is working on something that will let users manage their identities, items, and payment methods while making their way through the digital world that Meta bets will be the future.

The Meta company’s May 2022 announcement of the Meta Pay rebranded also mentioned that it was “scoping out what a single wallet experience might look like” with regards to making payments and storing your identity and digital items. Zuckerberg’s focus will be mostly on how the company’s metaverse wallet will enable proof of digital ownership; he mentions how it could be used to create and buy “digital clothing, art, videos, music, experiences, virtual events, and more

Zuckerberg also says the plan is for Meta’s wallet to be interoperable, letting you bring your goods to “any metaverse experience.” While Zuckerberg has admitted that he’s not sure what interoperability will look like between companies, Meta recently helped form a standards group with the goal of getting everyone on the same page when it comes to language and tech related to the metaverse.

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