The metaverse takes up little space each day. The advancement of digital has included a little more in social life. As cryptocurrencies are starting to frighten investors, other digital assets are attracting the most. Meta, formerly Facebook, understands the influence of the metaverse and wants to bring it closer to more and more users. Discover Meta Pay, the digital wallet platform entirely dedicated to the metaverse.
Everyone knows Meta and its Facebook Pay side. Launched many years ago, the platform has grown rapidly and become one of the most widely used in the world. Formerly Facebook, the social network changed its name recently with the growth of the metaverse. That’s why Meta as a metaverse is easy to understand. The purpose of this change? Troubleshoot value interactions and metaverse transactions.
When the Facebook app was still there, it had a payment system called Facebook Pay. If it launches in November 2019, it will only be available on Messenger and Facebook in the US. Like Samsung Pay or Google Pay, it allows mobile payments but only on social networks. So users can buy products in the Marketplace or pay their friends through Messenger. With the advancement of technology, the world is suddenly getting bigger and the needs are bigger.
With this in mind, Meta recently announced the launch of a new digital wallet, Meta Pay. The latter will seek to support the economics of users in the recent redesign of the Meta metaverse. As such, it will be an evolution of the old version and will offer many services in line with the expectations generated by technological advances.
In fact, the new wallet will not only support payments like the old version, but it will also put a new weight on proof of ownership and digital identity. According to Mark Zuckerberg the CEO of Meta, this evolution will bring the solution to two major problems in the metaverse. That is: proof of ownership and access to digital assets. Both of these features will allow owners to transport some of their belongings to different departments.
The metaverse is so wide and traversing it is almost impossible. With so many digital products being seen every day, interoperability is fast becoming a key point. In fact, more and more universes are being created every day in this same world. If a lot of people are likening the Facebook metaverse, it’s time to disabuse them, because there are so many. The media coverage of NFTs allows for a small explosion in this digital space.
Individuals or companies, everyone wants to acquire a property in the metaverse. Whether it’s clothing, artwork, music or land, you can find it all and everyone wants to make history. Due to its popularity, the products have become more and more expensive. Expanding this concept creates difficulties that are also detrimental to owners.
Zuckerberg notices these flaws and offers interoperability that can overcome some difficulties. In fact, the standardization and portability of the metaverse makes it possible to enjoy its products across all platforms. Therefore, Meta Pay is a path to Web3 interconnectivity. To accomplish its projects, the company has partnered with other companies operating in digital technology. Through a partnership with Epic and Microsoft, Meta hopes to make metaverses more interoperable.
Meta Pay, the new digital wallet from Meta promises many surprises. If you already like Facebook Pay, the improved version will probably appeal to you more. What if we made the metaverse more accessible and interoperable? This is the goal of the platform. The connection between different metaverse as well as a universal payment method can be an asset for creators. In fact, a certain level of standardization will attract new consumers to value their work. Proof of ownership is also an important point.
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The world is changing and adaptation is the best weapon to survive in this flowing universe. As a manager of the crypto community at the base, I am interested in everything directly or indirectly related to the blockchain and its origins. To share my experience and communicate a field that interests me, there is nothing better than writing informative and relaxing articles at the same time.