Mark Zuckerberg Launches its Meta Pay Payment System

Mark Zuckerberg recently unveiled the metaverse’s new digital wallet, Meta Pay, which arrives to replace Facebook Pay.

This payment method was used in meta apps such as Facebook, WhatsApp, Instagram or Messenger without leaving them.

In May the company’s head of Commerce and Financial Technologies, Stephane Kasriel announced that its current payment service would be renamed Meta Pay, without giving further details about this new platform.

This new enhancement comes to make Facebook Pay payment experiences better, as it intends to improve the quality of the countries where this service could already be used, rather than expanding to others.

Zuckerberg, through his personal Facebook account, confirmed that this will continue to offer the same functions of its predecessor but that this will be a wallet that will allow secure management of identity, money and how you pay with it.

With this, the executive shows us that Meta is committed to working on several new developments focused on the metaverse.

Just as we are seeing now with blockchain and NFTs, in the future there will be all kinds of digital objects that you will want to create or buy: digital clothing, art, videos, music, experiences, virtual events and much more.

Meta expects to offer better experiences to users, as well as greater opportunities for creators. The more there are to use all your digital products, the more you will value them, which generates a bigger market for creators, and likewise the easier the transaction, the greater the opportunities for creators.

There was also a hint that Meta might introduce non fungible tokens (NFT).

We finally know that Meta is working on developing this, although it has not indicated how this process is going.