Meta abandoned its effort to create a
global cryptocurrency — first called Libra but eventually re-branded as Diem —
in the face of fierce backlash by financial regulators around the world.
However, founder and chief Mark Zuckerberg
has spoken about the importance of e-commerce and financial tools to his vision
for an immersive online world called the metaverse.
"We continuously consider new product
innovations for people, businesses, and creators," a Meta spokesperson
said in response to an AFP inquiry.
"As a company, we are focused on
building for the metaverse and that includes what payments and financial
services might look like."
The spokesperson would not comment on
specific innovations being pursued.
Products being considered at Meta include
digital tokens similar to those used for transactions in video games, with the
internet company's version nicknamed "Zuck Bucks" by those working on
it, according to the Financial Times.
Popular games such as Fortnite and Roblox
use tokens for transactions. The tokens could potentially be used to reward
creators and influencers whose posts draw online audiences.
Meta is looking to diversify its revenue
beyond a reliance on targeted advertising that has provoked concerns about
invading users' privacy.
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