#MetaplanetBTCPurchase Here you have an updated overview of Meta's (Facebook/Instagram/WhatsApp) current strategy regarding cryptocurrencies:
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📌 1. Return to stablecoins for payments
According to a report from Fortune, Meta is resuming its foray into crypto, but now evaluating existing stablecoins like USDC and USDT to facilitate payments, especially to content creators on Facebook, WhatsApp, and Instagram.
Contrary to its previous attempt with Diem (formerly Libra), this time they plan to integrate into the existing crypto infrastructure, rather than creating their own token.
The main goal is to reduce costs and times in international payments, making transfers faster and cheaper than through SWIFT or traditional banks.
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👥 2. Team and leadership
Meta hired Ginger Baker, a former fintech expert with blockchain experience, as Vice President of Product to lead this initiative.
It has also been rumored that they are exploring a system that allows multiple stablecoins and partnerships with crypto infrastructure firms.
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🌐 3. “Meta Pay” ecosystem and Web3
With the relaunch of Meta Pay, they have registered brands related to crypto services: Web3 wallet, exchange, loans, and more.
The vision is to build a multi-platform “single wallet” where users can:
Store identity and digital assets (like NFTs)
Pay friends, creators, and businesses
Interact in the metaverse.
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🔄 4. What happened to Novi and Diem?
In 2022, they closed Novi, their pilot wallet, and abandoned
