According to the Financial Times, Facebook is only weeks away from getting
approval from Ireland’s central bank for a service to allow its user to store
money on the site and exchange it with friends.
If the deal goes through, the company would be able to issue its own ” E-money” which would be valid throughout Europe in a process known as “Passporting.”
The social network is also talking with at least three other London start ups, that offer international money transfer services both online and on smartphones.
Read more: http://www.foxbusiness.com/technology/2014/04/14/report-facebook-eyes-money-transfers-as-ticket-to-emerging-markets/
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