What If Facebook Became A Payment Service
How could social payments reshape our daily habits? CoinTelegraph speaks to Canadian Bitcoiner Kyle Kemper about the Social Wallet, a nonprofit that hopes to digitize every aspect of services. Kyle Kemper, Social Innovator and Founder, says: “Social payments are a whole new paradigm in finance. Also think about all the sites you use: fold, purse, coinbase, bit gold, kraken, online banking, social media, etc. - ultimately you'll be able to leverage their systems, create accounts, and derive value from them without needing to remember a million different URLs and UN/PW combos. With digital....
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Integrating a Bitcoin payment option would give users a choice. In the traditional financial world, this choice is often overlooked by banks. More and more social platforms are starting to integrate payment options. Although this functionality existed on Twitter for some time now, iMessage enabled it as well. Facebook, perhaps the largest social network in the world, will now allow in-app payments to Messenger Chat Bots. All of this seems to be paving the way for Bitcoin payments on Facebook at some point, but is that even realistic? Social messaging platforms have evolved over the years.....
Facebook has continued unveiling its Facebook payments platform, adding the desktop option on Wednesday for many users. CCN reported in March how the social media website had introduced payments on its messenger application, and it seems that today it has rolled out a Facebook chat payment integration for desktop. In March, Facebook announced the introduction of a feature in Messenger enabling users to send and receive money. In order to use this service, you must link a Visa or MasterCard issued by a US Bank. Once a debit card is added, you create a PIN. As CCN has detailed: To send....
Earlier today, Andrew Aude, a Stanford Computer Science student, posted to twitter with pictures of Facebook Messenger's new P2P "FB Payments" functionality. Aude and other commentators likened Facebook's new payment system to SquareCash or Venmo. FB Payments has been in the making for a long time and has recently been revamped by Facebook's hire of David Marcus, former president of PayPal. David Marcus is an admitted supporter of Bitcoin and likely played an instrumental role in PayPal's warming up to Bitcoin, Litecoin, and Dogecoin via Braintree. Since hiring Marcus, Facebook CEO Mark....
The Central Bank of Ireland recently granted Facebook Payments International Limited (FBPIL) an e-money license, which effectively allows Facebook to facilitate peer-to-peer payments on its platform. Since Ireland is one of the member nations of the European Union (EU), Facebook is authorized to operate as a money transmitter in all of the EU states. On Oct. 24, Facebook was granted an e-money license in the EU, which meant that the company could roll out the same feature US-based consumers currently use: an embedded payment solution built on top of its native messenger application. In an....
There is a rumor out now that Facebook has, or is, implementing Bitcoin payments on their advertising platform. The image below was sent to Bitcoinboard this morning by an employee of Facebook in Netherlands who is participating in the test: There is an option there to pay with Bitcoins on the Facebook Payment page, however, I can not personally confirm if this is legit or modified by someone else. Bitcoinboard writes: At this moment you can pay for advertising with a Creditcard, Paypal and FB Ad coupons. It is not yet clear when the option to pay with Bitcoins becomes available for the....