- According to McKinsey & Company Metaverse will create $5 trillion by 2030.
- A metaverse standards forum was launched by Meta, Microsoft, and 31 additional firms.
In a recent interview Mark Zuckerberg, the CEO of Meta Platforms, formerly Facebook, explained the metaverse with Jim Cramer.
The co-founder of Meta (Facebook) stated that he believes the metaverse will grow significantly over the next ten years and play a significant role in the company’s operations.
Regarding Meta’s activities in the metaverse, Zuckerberg stated
Our playbook over time has been build services, try to serve as many people as possible — you know, get our services to a billion, two billion, three billion people, and then we basically scale the monetization after that.
Also, he added that, In the metaverse, users could be buying digital stuff, digital content, or different things to express themselves and they basically expect to get to over a billion people doing hundreds of dollars of trade each.
Meta Pay for Cryptocurrencies
On May 20, the United States Patent and Trademark Office (USPTO) received five trademark applications for “Meta Pay” from Meta Platforms Inc. The files contain a multitude of services related to cryptocurrencies and Meta Pay will be the same as Facebook Pay.
According to Meta’s applications, the firm intends to introduce a payment system called Meta Pay that will enable customers to convert traditional fiat currency into cryptocurrencies. Since 2009, they have provided reliable payment services, and now it helps people and companies in more than 160 countries to transact 55 different currencies.
Citi, an American multinational bank and financial service corporation expected that by 2030 there would be five billion users of the metaverse will create $13 trillion. A metaverse standards forum was launched by Meta, Microsoft, and more additional firms.
Recommended for you
