Meta Seeks to Streamline Payments on Instagram Using Stablecoins

Meta is exploring the use of stablecoins as a means to simplify cross-border payments on Instagram, with plans to integrate these digital currencies for small transactions. The initiative aims to address the financial hurdles faced by creators who earn income globally. This strategy follows Meta’s recent appointment of Ginger Baker, former Plaid executive and board member of Stellar Development Foundation, as its new VP of Product, tasked with leading this effort. ]