News - Facebook planning to become an E-money service provider

[HEXUS]

Reports say that the firm is close to obtaining regulatory approval in Ireland.

Read more.

[Wozza63]

Nope.

[Ttaskmaster]

O-kaaaaaaaaayyy.....

[Output]

It's probably their way of rivalling the PayPal/eBay monopoly, since they have classifieds and shops on there too I believe and this would mean that they aren't losing out to a competitor for the payment method.

[abychristy]

If whatever facebook is going to do is like saying "For every 100 likes you get a dollar worth facebook cash!"

[jim]

Anyone for Zuckercoins?

[Agent]

fBay?

[MrNeil]

Zuckeroff

[robb213]

It's probably their way of rivalling the PayPal/eBay monopoly, since they have classifieds and shops on there too I believe and this would mean that they aren't losing out to a competitor for the payment method.

I don't think it's necessarily that, but that they're trying to find a snug caveat when Facebook as a social media trend dies off. An e-money service, if successful, is a great fallback option whenever Facebook does.

Still wouldn't trust them with my money, especially with the numerous security/privacy issues they have.

[Myss_tree]

Ever been zuckered.

[davesom555]

Will it make it easier to buy bitcoins in the uk I wonder? Ie pay straight from facebook into exchanges? If so then it's actually not a bad thing otherwise, what's the point in e-money really.