Facebook close to getting approval on its own PayPal-like e-money service

By Justin Kahn
Apr 14, 2014
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  1. Facebook is reportedly looking to move in on Paypal's territory with its own e-money service. According to a report from the Financial Times, Facebook is currently in an approval process that will allow the company to coordinate real money transfers...

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  2. Darkshadoe

    Darkshadoe TS Guru Posts: 571   +112

    I don't trust real banks, why would I trust Facebook?
  3. Raoul Duke

    Raoul Duke TS Guru Posts: 930   +354

    yes, their motivations for this are entirely suspect. More ways to transfer money from your pocket to theirs in the end IMHO. Of course I understand this is the point of business, but Facebook is a social network, will they be able to sell your data on usage etc, like with Facebook now
    Just re-read it, will be able to store money in your social account, not sure how they will link this to places you can actually buy things without a store or ads
    Last edited: Apr 15, 2014
  4. mccartercar

    mccartercar TS Booster Posts: 134   +25

    If they can bring lower fees and more options I'm aboard. A free Rift with every account wouldn't hurt.
    Make it happen Zuckie.

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