Facebook Pay Is Now Meta Pay: It Will Become a Metaverse Wallet

Mark Zuckerberg introduced Facebook Pay, which was rebranded as Meta Pay.Facebook Pay has been rebranded as Meta Pay . Mark Zuckerberg announced the rebrand on Wednesday, calling the change a ” first step ” towards Meta’s vision towards creating a digital wallet. In the near future, the software will not change much.

You can continue to use it to send money to friends and family members on Facebook, Instagram and WhatsApp, as well as pay for purchases and donate to charities. However, Zuckerberg stated that he envisions a future where Meta Pay will act as a universal wallet for all the digital items you buy or create in the metaverse world .

Meta Pay Will Become Metaverse Wallet

Speaking in his blog post, Mark Zuckerberg said, “Proof of ownership will be important, especially if you want to take some of these items with you on different services. Ideally, you should be able to log into any metaverse experience and everything you buy should be right there,” he said, giving the first signals of wanting to be a metaverse wallet .

In other words, Zuckerberg stated that he hopes Meta Pay will become the de facto wallet of the metaverse world. He acknowledged that the kind of interoperability he described was a long way off, but he did not neglect to argue that it would “provide much better experiences for people and greater opportunities for creators .”

Needless to say, Meta will almost certainly be the biggest beneficiary of the ecosystem that Zuckerberg describes. The company recently confirmed that it has taken a cut of approximately 48 percent from digital asset sales at Horizon Worlds . A wallet app is another way for the company to monetize its metaverse creators.