Page 6 - Stephane Kasriel News Today

Meta is in the early stages of creating a simplified 'single wallet experience.'

The company is in the very early stages of planning for a single wallet experience..

Meta is exploring how it can simplify payments across its platforms to make it easier to access and process in the metaverse. Facebook Pay will become Meta Pay.

Meta is planning to rename Facebook Pay, its payment system available across Facebook, Messenger, Instagram, and WhatsApp, to Meta Pay "soon," according to a blog post from the company’s head of commerce and financial technologies.

The social media giant appears to have multiple currency-related irons in the fire Social media behemoth Meta is reportedly considering ro

Social media group seeks alternative revenue streams as popularity of its main products falls

A recent report claims that tech giant Facebook (now known as Meta) is still planning on developing its own digital currency despite previous failures in the crypto space. Mark Zuckerberg and the Masters of the Universe are reportedly exploring the "least regulated way to offer a digital currency."

Meta's move into the financial space is reportedly aimed at developing alternative sources of revenue as interest in Facebook and Instagram drops.

Suspension of the project has left 100 employees at Facebook's Israel R&D center facing an uncertain future, sources have informed "Globes."

Facebook announced the Libra project in 2019, at the time envisioning it as a stablecoin based on a basket of national currencies that could serve as a global currency for the unbanked around the world.