- Facebook’s moms and dad business might release a digital possession exchange
- Meta sent hallmark applications for a platform called “Meta Pay”
- The exchange may include fiat on-ramp performance
- CEO Mark Zuckerberg likewise verified that NFTs are about Facebook and Instagram
Meta, the tech business behind social networks giants Facebook and Instagram, submitted hallmark applications that recommend the business might be establishing its cryptocurrency trading platform.
According to tweets from seasoned hallmark legal representative Josh Gerben, Mark Zuckerberg’s company sent 5 applications in the United States for the so-called “Meta Pay” service.
Included in the fillings is information concerning a platform that provides trading centers for digital possessions and blockchain-powered tokens. The service might likewise venture into financial investment management and virtual property loaning.
As of press time, the tech heavyweight has not verified or rejected the advancement although the business did lock down a domain for the platform back in 2021 for an enormous $60 million.
Meta Jumps Into NFTs and Web3
Facebook and Instagram will reveal assistance for NFTs per remarks from CEO Mark Zuckerberg. The billionaire validated that screening performance for digital antiques was underway since recently, as reported by EWN.
Some users likewise stated that Instagram presented partial access to the function for a chosen group of developers.
This is not the very first time Facebook (now Meta) has forayed into the blockchain area. The business formerly supported and helped in establishing Libra/Diem, a stable coin token.
However, the business closed the drapes on the concept in the middle of installing pressure from regulators from several jurisdictions and rather chose to offer the task to Silvergate Bank.