Meta Platforms, the parent company of popular social media platforms like Facebook, Instagram, and WhatsApp, is reportedly gearing up to make a comeback in the digital payments sector by exploring stablecoin integration. Based on the data provided in the document, this move could revolutionize the way transactions are conducted within its vast ecosystem.
Meta Seeks Partners for Stablecoin Payment Infrastructure
The company is currently seeking external partners to support its stablecoin payment infrastructure, having issued a request for product proposals (RFP) to potential firms. This indicates a strategic shift from its previous Diem project, which was abandoned in 2022 due to regulatory challenges.
Collaboration with Established Cryptocurrency Players
Meta's new approach focuses on collaboration with established players in the cryptocurrency space, with Stripe being identified as a prominent candidate for partnership. If successful, this initiative could enable seamless crypto payments across Meta's platforms, allowing users to send money internationally with ease and avoid traditional banking fees.
Anticipated Rollout Timeline
The anticipated rollout is expected in the latter half of 2026, marking a significant step forward in Meta's digital payment ambitions.
Recently, Meta Platforms announced plans to explore stablecoin integration for digital payments, while Fold's innovative Bitcoin rewards app has already begun transforming consumer engagement with cryptocurrency. For more details, see Bitcoin rewards.
