Facebook Messenger Needs a Bitcoin Payment Option To Stay Competitive
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.....
Related News
Facebook announced that its Messenger users will be able to pay chat bots directly from the app, without having to launch third-party websites. US-based Messenger users can already send payments to each other within the app. Until now, however, it wasn’t available for making purchases from online stores. Facebook’s head of Messenger David Marcus....
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....
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....
Deloitte has used Facebook's recently released Messenger API to build an early version of a product capable of storing warranties on a blockchain and allowing users to buy insurance for items even after they've been purchased. The minimum viable product (MVP), announced today, could serve as a bridge between distributed ledgers and the Internet of Things, but importantly, do so without users having to download any new applications. Deloitte service designer, Frank van de Ven, wrote of the MVP on the company’s site: "It allows users to add information regarding their purchases and....