Report: Facebook Wants to Become an E-Money Institution

[exfileme]

Facebook may become a PayPal rival.

Report: Facebook Wants to Become an E-Money Institution : Read more

 

[gm0n3y]

Wow, a payment system that I'll likely dislike even more than Paypal.

 

[wiinippongamer]

I hope they fail miserably

 

[antilycus]

lets see a company that was founded on being free, then took it's user's info and sold it for hundreds of millions of dollars. Has publicly said they believe nothing should be private and now they want to hold our money? no thanks. I'll stick with BCs

 

[firefoxx04]

Paypal already abuses me enough, why wont facebook?

 

[Kieran Warren]

Nope.

 

[gwwerner]

I definitely wouldn't use facebook as a bank account. Being able to use facebook to pay back friends and family when I owe them small amounts would be useful, though. As it is, I only keep cash around to pay people back for tickets they have bought, or if I am contributing to a gift for someone. If I could use facebook to transfer the money, I wouldn't have to keep cash around at all. If have used paypal for this a few times, but many people don't have a paypal account, or if they do, they have never used it to send money to someone they know.

 

[everlast66]

All of a sudden PayPal dosen't seem so bad, after all.

 

[Rhinofart]

I'd rather have my balls pounded flat with a wooden hammer than have Farcebook deal with my money.

 

[boytitan2]

Lol facebook dealing with my money that is funny.

 

[cats_Paw]

Facebook: First we took your data, now we will take your money .
I do have to say their bussiness plan is brilliant.
From the 1.5 billion users they have, even if 1% of them actually use this feature, its like hitting gold.

And expect friends you havent heard from for years start to pop up, asking if you got 10 bucks for a pizza or something....
Im quite sure some famous people might get some income thx to this as well...

Dont know how this will go, but im sure as hell gonna be having some fun watching it all from a distance.

 

[voreo]

Could be good. If business say Pay With Facebook soon after it happens.
I hate paypal.

 

[squish8294]

Bring me the popcorn; I wanna sit back and watch the inevitable shitstorm that this will cause if it happens.