WhatsApp is reportedly working on a way to back up your chats in a place other than Google Drive or iCloud. Meta is now looking to host chat backups on its own servers where it will use end-to-end encryption to keep user data safe. It’s expected that there will be a free tier and a paid tier.
On the free tier, users are looking at getting 2GB of storage for their chat backups, while paid users will get 50GB of storage for $0.99 (it's unclear is this is per month or per year). In screenshots shared by WABetaInfo, users on Android will be given the choice of choosing a chat backup provider, either WhatsApp or Google. It reassures users that their data is safe, even from Meta.

