MENLO PARK, Calif.—Meta, the parent to Facebook, has launched a new digital wallet that will it said is designed to support the economy of users in the upcoming iteration of Meta’s metaverse.
The wallet, dubbed Meta Pay, will be an evolution of what’s known today as Facebook Pay, still supporting the array of payments it handles currently, but with a new focus on digital identity and proof of ownership, Bitcoin.com reported.
According to Meta CEO Mark Zuckerberg, Meta Pay will be a solution to two issues in the metaverse: accessibility to digital goods and proof of ownership, Bitcoin.com reported.
“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,” Zuckerberg said.
Zuckerberg added that ideally, everything purchased in one part of the metaverse should be available on another platform, with the same functions and traits, Bitcoin.com.
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