Facebook Introduces No Comission Paypal Competition (kinda)



For now, Facebook says it just wants to get friend-to-friend payments right in the States.
“We’ll consider where to take it after that once we get everything nailed down,”

I wish I live in the US partially because of things like this. It will most likely stay inside US like google voice and netflix :/
 
They have to keep up with snapchat and venmo. Venmo already uses your Facebook friends. It's nice to pay friends back with, but that's about it. I'm wary of using my debit card, but luckily, you can send payments with a credit card for an additional fee.

Fuck bitcoin.
 
I thought Dwolla was going to be the PayPal killer but they aren't gaining much market share and for whatever reason, they are still confined to the US.
 
I wonder if they'll eventually get into merchant processing and have 1 click payments if you're logged into your Facebook account, that would definitely change things up a bit.
 
The big luck of paypal was the use as standard payment in the funnel of ebay, the road to domination was drawn in this way.
I think that only major players like amazon or alibaba could build their own payment processor, put it in the funnel and finally make a real paypal competitor.
 
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