Facebook is “only weeks away” from getting regulatory approval to become a payment and remittance processor, reports the Financial Times (paywall). Once the central bank of Ireland—where Facebook’s non-US business is registered and headquartered—approves Facebook as “electronic money institution,” its users will be able to send money to each other, or to online sellers. It’s unclear whether the service…
More and more coverage for Facebook and its imminent entry into the world of online payments.
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