The technology giant can offer low -cost digital transfers via a blockchain infrastructure.
Meta assesses the use of stablecoins to facilitate cross -border payments. The company is particularly focused on low -cost transfers for digital content producers on platforms such as Instagram.
This decision reflects a renewed interest to integrate blockchain technology after the company’s unsuccessful SIEM initiative.
It would seem that in the first interviews with several cryptocurrency infrastructure providers, the firm has not yet undertaken in a specific stablecoin transmitter.
However, the project would have intended to allow international payments at low value for creators and the self -employed operating on several markets.
Ginger Baker, Vice-President of the Meta product. Previously, she held senior positions in the Fintech Plaid company and is currently sits on the board of directors of the Stellar Development Foundation.
The initiative is aligned with broader trends in the financial sector, because companies like Visa, Fidelity and Bank of America explore the use of stablescoins in regulated digital payment systems.
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