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Meta presents the metaverse digital wallet that will replace Facebook Pay

Meta CEO Mark Zuckerberg unveiled the company’s new digital wallet, Metaverse-oriented, which will replace Facebook’s current payment system, Facebook Pay.

Facebook Pay is a payment platform through which you can make payments on Facebook, WhatsApp, Instagram or Messenger services without leaving these ‘apps’.

The company’s Head of Trade and Financial Technologies, Stephane Kasriel announced in May that it would rename its current Meta Pay payment service, without giving further details about this alternative platform.

What he pointed out then was that Meta was focused on “improving payment experiences” of Facebook Pay and intended to improve the quality of the countries where this service could already be used, instead of extend “to new countries”. .

Zuckerberg introduced Meta Pay “Digital wallet for the metaverse” through his personal Facebook accountwhere he has confirmed that he will continue to offer the same functions as his predecessor.

“It will remain the same easy way to shop, send money, and subscribe to people’s concerns on Facebook, Instagram, WhatsApp, Messenger, and anywhere else where Facebook Pay can be used,” he said. he.

With this, the manager has indicated that Meta is working on a newcomer focused on the metaverse, a wallet that will allow secure management of identity, money and the way it is paid for.

“In the future there will be all kinds of digital objects you want to create or buy: digital clothing, art, video, music, experiences, virtual events and much more,” he said.

Likewise, it has confirmed that the company wants to offer these properties “in any metaverse experience”, so that users in this digital environment have everything they have in one place.

Thanks to this interoperability, Meta hopes to offer better experiences for users, as well as better opportunities for creators.

“The more places there are to easily use your digital products, the more you value them, creating a bigger market for creators. The easier the transaction, the greater the opportunities, ”he said.

Finally, he announced that they are from Meta “expects to develop this”, although he has not said more details about the point of this process.

Here’s how Instagram shows the age of its users

Meta has also announced new options for verifying the age of Instagram users, including the ability to take a video selfie for the company to assess the age of the account owner.

With these tools, currently only available to users in the United States, The company hopes to offer “the right experience” to all age groups, as stated in a statement.

To accomplish this functionality, Instagram has partnered with Yoti, a company specializing in online age verification that guarantees people’s privacy. If this option is selected, the social network will display a series of on-screen instructions to guide these users. After recording the selfie video, Instagram will share it with Yoti.

This technology will be responsible for assessing age based on facial features, information which will then be shared with the social network.

Meta, after the verification, insisted that the video be removed and that the technology used by Yoti cannot identify the identity of users, since it is only used to verify their age.

Meta, on the other hand, has introduced a verification system through identified identities. To use this feature, verifiers must be over 18 years of age and can only confirm the age of a majority of one person at a time.

*With information from Europe Press.