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Facebook Messenger can already transfer money between people. They could just expand that into a fully featured digital wallet to compete with WeChat, Apple Pa
by baumandm 6y ago
Facebook Messenger can already transfer money between people. They could just expand that into a fully featured digital wallet to compete with WeChat, Apple Pay, Google Pay, Samsung Pay, Cash App, PayPal, etc. It's actually astonishing they didn't do this a decade ago.
I get the VC appeal of blockchain, but Facebook already has the money to fund it. Outside tech circles I don't think slapping a blockchain label on a product will make it more appealing.
- eitland 6y ago> Outside tech circles I don't think slapping a blockchain label on a product will make it more appealing. I kind of hope the word "blockchain" should soon make it less appealing especially in tech circles.
- weare138 6y agoI agree. I don't quite understand what overall benefit something like Diem brings. It seems like an extraneous amount of technical overhead and yak shaving just to do something other companies have been doing for years. It just strikes me as some convoluted marketing ploy to attract VCs. All Facebook needs to do now is figure out how to throw AI into the mix and they'll win tech buzzword bingo.