Facebook Pay is going away. How are you? Mark Zuckerberg revealed the new name for his new payment system, which he hopes will become “a wallet for the metaverse.” But what does this really mean? People have been talking for a few months about how the business owner wants to make a payment system for the future of their business that will have to do with the metaverse. However, no one is sure how it will actually be used.
Meta Pay for the metaverse
When it was announced that the name of this system would change to Meta Pay in May of this year, Meta said it was “reviewing what a unique wallet experience could look like” in terms of making payments and keeping your identity safe. and the digital things you own. Now, Mark Zuckerberg has taken to his main network, Facebook, to talk more about this system, which he says allows him to buy “digital clothing, art, videos, music, experiences, virtual events and more.”
The Meta founder said: “Today is the first step in turning Facebook Pay into Meta Pay.” “It won’t change the way you buy, send money, or donate to causes you care about on Facebook, Instagram, WhatsApp, Messenger, and everywhere else you used to use Facebook Pay. But we’re also working on something new: a metaverse wallet that will allow you to securely manage who you are, what you own, and how you pay.
“In the future, you may want to make or buy all kinds of digital things, like clothing, art, videos, music, experiences, virtual events, and more. If you want to take these items with you to different services, you will need proof that you own them.
“In a perfect world, you should be able to access any metaverse experience and find everything you’ve purchased. There’s still a long way to go, but this kind of interoperability will improve people’s lives and give creators more opportunities to earn money. In other words, the more places you can easily use your digital products, the more they will value them, giving creators a bigger market. The easier it is to do business, the more opportunities there are for creators. We’re excited to put this together.”
While Mark Zuckerberg’s vision makes sense for all of this, some experts aren’t sure about it. For example, the idea of a “virtual wallet” sounds a lot like blockchain. Meta hasn’t said anything about it, but there have been rumors that he wants to add NFT to his social media. People ask if this is a good idea or if Zuckerberg will come up with a more reliable alternative. This is because digital goods like NFTs and Bitcoin get a bad rap.
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Source: vtt.edu.vn