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Meta Is Pushing Towards Digital Payments Including NFTs And Related Projects Across Its Apps

You might be surprised to learn that Meta is actually pushing ahead for digital payments and that includes a great reliance on NFTs too.

The news is a little shocking for some, especially considering how crypto markets are fluctuating more now than ever and that’s indirectly related to NFT trends.

But without any hesitation, Meta is making a huge push for both NFTs and related projects across various apps. The news was recently announced by the firm’s CEO who mentioned how the company is busy exploring its options and previewing some exciting features related to digital currency.

This includes providing users with a comprehensive guide of what they can expect when they choose to enter the NFT market.

First things first, Meta spoke about payments. You can say hello to Meta Pay, which was previously known as FB Pay. In addition to that, we can expect to see an innovative wallet designed for the metaverse. Through this payment gateway, users will be receiving a more secure and coherent way through which they can manage their finances and any purchases being made.

Once the metaverse comes into play, users will be saying hello to purchases galore. Be it virtual clothing, avatars, products, videos, events, and more- you’ll be needing a reliable payment method and also need to provide proof of your identity and ownership too.

Yes, we might not be there yet but Meta says they are making sure that interoperability in this scenario does a great job and serves to create the best opportunities for different creators across the board.

The news comes as the company has recently become a part of a new Metaverse Forum that is designed to establish standards of interoperability. This new wallet is sure to do wonders in terms of linking various apps with tools to ensure the best user experience and connection.

Yes, it’s going to take plenty of time and we don’t expect Meta to rush but we are now being provided with clear indicators about what is really going on.

Last month, Instagram was seen conducting a beta on NFTs and its various display options. Meta is searching for ways to expand it further so that more creators and nations can be included for a reliable digital connection.

In case you didn’t know, you can view NFTs on Instagram right now too and soon its linking with Insta Stories is going to give users a unique way of portraying their digital artworks. All in all, we do see this sparking more curiosity and user interest. But we can’t help but wonder why now when people’s interest in crypto and NFTs seems to be in a decline.

Meta feels this is a push for the future of the metaverse and what better time to learn about NFTs now than later. But in reality, we see how they’ve smartly aligned the announcements with the ongoing NFT NYC launch taking place this week.

NFT trading is definitely an interesting subject. What many of us aren’t seeing now, Meta sees for the future so we’ll just need to wait and watch how this goes.


Read next: Mark Zuckerberg Predicts A Massive Economy With Huge Spending Around The Metaverse

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