Mark Zuckerberg launches Meta Pay, digital wallet for Metaverse

New Delhi: Mark Zuckerberg introduced Meta Pay and a digital wallet for the metaverse on Wednesday via a Facebook post. He said the company has decided to change Facebook Pay into Meta Pay for making the payment options easy for everyone.

”Facebook Pay will stay the same easy way to shop, send money, and donate to causes you care about on Facebook, Instagram, WhatsApp, Messenger, and anywhere else you could use Facebook Pay,” wrote Zuckerberg on Facebook.

”But beyond the current features, we are working on something new: a wallet for the metaverse that lets you securely manage your identity, what you own, and how you pay.”

”In the future there will be all sorts of digital items you might want to create or buy — digital clothing, art, videos, music, experiences, virtual events, and more. Proof of ownership will be important, especially if you want to take some of these items with you across different services.”

”Ideally, you should be able to sign into any metaverse experience and everything you’ve bought should be right there. There’s a long way to get there, but this kind of interoperability will deliver much better experiences for people and larger opportunities for creators.”

”That is, the more places you can easily use your digital goods, the more you’ll value them, which creates a bigger market for creators. The more easily you can transact, the bigger the opportunity for creators should get as well. We’re looking forward to building this out,” read the post.