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Ask HN: Could Facebook become the new PayPal?
Everybody's talking about advertisement as Facebook's main revenue stream, but it seems to me they're in a great position to take on PayPal and become the default payment system of the web.
It would be a tall order for sure, but if they did implement payments they would become number one overnight, since everybody already has a Facebook account.
Do you think this is realistic? Has Facebook ever talked about such a strategy?
- tocomment 14y agoGood idea.
- stewie2 14y agopaypal can write a facebook app, right?
- onlyup 14y agoFacebook already have Facebook credits for games and other stuff. I would be very surprised if we don't see "Pay with Facebook" just as we now see "Login with Facebook" everywhere now. I think it would be a great move for businesses and for Facebook. If Facebook could offer some insurance on transactions I think people would flock to it.