The Financial Times is reporting that Facebook is looking into money transfer services and has even applied for an e-money license in Ireland. Facebook is already very important to a lot of businesses and people, but money transfer could open up a lot more interest in using Facebook to conduct a lot of day to day business. Bitcoin has received quite a bit of interest in recent years as a way to transfer money easily while avoiding bank fees, and maybe Facebook wants to take advantage of some of that interest. If and when this happens, it could shake up a lot of existing big companies.
Facebook to Launch Money Transfer Service? April 14, 2014
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