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This is long overdue. I bet they’re working on a PayPal competitor and eventually their own in-house data driven credit system. If you think you were being tra
by koolba 6y ago
This is long overdue. I bet they’re working on a PayPal competitor and eventually their own in-house data driven credit system.
If you think you were being tracked across every mouse hover and scroll now, imagine what it’ll look like when there’s this much on the line.
- RosanaAnaDana 6y agoZuckbucks. FB going to start its own federal reserve.
- caogecym 6y agoThis new offering feels a natural outcome now that the core product (fb.com, Messenger) user base starts to saturate. Previously they could just focus on international expansion on existing product, now the approach needs to shift. And that might be the reason why FB has so little in house built products v.s. products via acquisition, compared to Google. So there's a growth pressure across the company's structure chain. From this point on, it would be interesting to see what other products FB would launch to leverage their huge social network. My 5 dollar bet would be cloud infra that compete with AWS and Azure - the selling point would be, hey join FB Cloud Infra and we'll help you reach 2 billion FB users!
- richardbrevig 6y ago> I bet they're working on a PayPal competitor... They've allowed money transfer through Messenger for sometime now. The UX is probably the best I've had. I prefer sending money that way because it's through the debit card (easy set up), free, and instant.
- vasco 6y agoIn Europe at least they've rolled this back from the only 2 countries they tested it in (UK and France). You can still do donations to organizations in most countries, but no p2p money transfers.
- tixocloud 6y agoAny reason why? Seems to be a strong digital payments ecosystem in the U.K. and Europe that would've made it work well.
- yalok 6y agothey tried and I think still trying to roll out Libra...