#meta pay digital wallet

Meta CEO and founder of Facebook, Mark Zuckerberg on Wednesday has announced his new ventures for the Metaverse starting with a rebrand of Facebook Pay to Meta Pay and eventually, a metaverse digital wallet. Zuckerberg says he envisions a future when Meta Pay will serve as a universal wallet for all the digital items to buy or create across the metaverse. He also emphasized how the company’s metaverse wallet will enable proof of digital ownership, especially if users want to take some of the digital goods across other services. The metaverse wallet sounded a lot like crypto wallets that hold NFTs, although Zuckerberg’s post did not mention blockchain technology at all. However, that interoperability hasn’t stopped Meta from selling digital goods in the meantime. The Department of Social Welfare and Development (DSWD) is moving toward digital payouts for the next round of cash aid for public utility vehicle (PUV) drivers. DSWD said digital payouts provide a faster and safer method to distribute aid, which requires less work than traditional cash distribution through manual over-the-counter distribution. The agency said it will use traditional payment systems when necessary, but digital payment systems offer better transparency, customer convenience, and reduced operational costs. Read more in our articles including "Zuckerberg intros digital wallet for the Metaverse, rebrands Facebook Pay to Meta Pay" and "DSWD eyes digital cash aid payout for PUV drivers with e-wallet partners".