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I think they've got a ways to go before they can become ubiquitous for payments in general. They have a problem where a ton of people just don't trust them - an
by gr2020 14y ago
I think they've got a ways to go before they can become ubiquitous for payments in general. They have a problem where a ton of people just don't trust them - and IMHO you've got to have trust to become a successful payments platform.
"Yet in the poll of U.S. adults published Tuesday, only 13 percent said they trust Facebook 'completely' or 'a lot' when it comes to keeping their personal information private. A majority, or 59 percent, said they trust Facebook 'only a little,' or 'not at all.'"
http://www.cbsnews.com/8301-505123_162-57437362/lack-of-trust-in-facebook-may-hold-back-ad-sales/ http://www.cbsnews.com/8301-505123_162-57437362/lack-of-trus...
That said, Paypal isn't exactly loved by many, and they seem to be doing well, so maybe I'm holding FB to too high a standard...