To be fair, Facebook hasn't released its own payments platform yet. It's been severely delayed and a long time coming but I'm excited to see how linking your so

To be fair, Facebook hasn't released its own payments platform yet. It's been severely delayed and a long time coming but I'm excited to see how linking your social network and payment credentials will work out. Once people are able to "Buy with Facebook" rather than just "connect" with it, a lot of interesting things can happen. When my friend is able to pay me back instantly for that crate of beer I bought him using Facebook I'm immediately incentivised to hook my payments details up to it so we never have to do a bank-transfer again. If the friction of a transaction is reduced to a single click and a confirmation then I would say it has the upper-hand on any mobile-phone payments system. Mobile payments will no-doubt be awesome for all kinds of things. Whether they will transfer power from Facebook I'm not so sure.