Illustration by Alex Castro / The Verge

Mark Zuckerberg announced on Wednesday that Facebook Pay has officially become Meta Pay, but his post is mainly focused on what the company hopes to build in the future — “a wallet for the metaverse.” While Meta Pay is essentially the same tool as it was before, just with Meta branding, Zuckerberg says the company is working on something that will let users manage their identities, items, and payment methods while making their way through the digital world that Meta bets will be the future.

The company has hinted at these plans before — its May announcement of the Meta Pay rebranded also mentioned that it was “scoping out what a single wallet experience might look like” with regards to making payments and storing your identity and…

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