Facebook Pay has been renamed Meta Pay. The current product features and overall user experience that people are used to will remain the same. The change is rolling out in the US and will launch around the world.
The service will remain the same, but the first step in creating a digital wallet for the metaverse will be renamed. Users will be able to securely manage their identities, what they own and how they pay with his vision for a digital wallet.
In the future there will be all sorts of digital items you might want to create or buy. If you want to take some of these items with you, you'll need proof of ownership. You should be able to sign into any metaverse experience and everything you have purchased should be right there.
Although this vision won't come to fruition anytime soon, it will deliver better experiences for people and bring larger opportunities for creators. The more places people can easily use their digital goods, the more value they will place on them. Users will be able to transact more easily, which will lead to more opportunities for creators.
Stephane Kasriel said that Meta is in the early stages of considering a single wallet experience. He said that Meta is looking at how you can prove who you are in order to experience different things in the metaverse.
Kasriel had said in a post that their path forward was grounded in their mission to empower everyone, everywhere to access the world's financial system. Before the metaverse even becomes mainstream,Designing products and infrastructure with the metaverse in mind will help facilitate innovation that delivers greater access and real cost savings Building blocks for the future are needed now. The potential of the metaverse will be boundless once that foundation is in place.
People use Meta's platforms to make payments in 160 countries and 55 currencies, including person to person, business to business, and business to consumer payments.
Facebook changed its corporate branding to Meta in October to better represent its core ambition of building the metaverse. Meta has begun changing its products to match the new branding. The Facebook portal is now called Meta portal. As it gears up for the metaverse, it makes sense for Meta to make changes to its payments experience as well.
Facebook Pay will be renamed Meta Pay soon
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