Big tech companies are seen returning to interest again in Crypto. Meta, a parent company of large web2 platforms like FB and Instagram, is working on crypto integration in its payment system. Recently, Fortune reports reports that for small creators on platforms like Meta, Instagram, the payment is exploring possibilities in stablecoins and is currently interacting with some crypto infrastructure companies at the initial level.
Why is Meta’s eye on Stablecoin?
META plans to pay content creators working on small scale through stablecoins. Its direct benefit will be as a solution to low transaction fees, fast payment and problems faced in cross border payment. Currently, the prominent name among the stables which is being considered USDT And are USDC. According to the report, Meta is considering adopting multi -token strategy. Meta can include any token in its planning based on easy integration and cast efficiency.
Will Stablecoins be fee on Instagram?
Instagram has already become a source of regular income for many creators. But sending payment to international creators is still slow and expansive many times. StableCoins can solve this problem, especially in countries where traditional banking systems are slow or expansive. META is currently working on testing and exploration. But it is certain that the company is moving seriously in this direction.
Ginger Baker’s entry in Meta’s crypto team
To strengthen this new crypto mission, META has recently included Ginger Baker in its team. Ginger has previously worked in Plaid and is currently a board member of Stellar Construction Base. BAKER has been hired by Meta as VP of Product, and they Stablecoins Are directly connected to Initiative. His experience of fintech and blockchain will have a significant impact on Meta’s crypto strategy.
Conclusion
This initiative of Meta shows that the web2 platforms are now ready to adopt web3 technology with a practical use case. Stabilcin payment system for small content creators can become a game Changer. Although this project is currently in its early stages, it is clear that META is doing serious effort in this regard. If this initiative is successful, we may soon see the stabilcoin based creator economy growing on Instagram and other META platforms.
Also read:Amazon defeated, Bitcoin became 5th big property in the world
