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04-14-2014, 06:26 PM
Report: Facebook Planning E-Money Service in Ireland
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Facebook is moving closer to becoming more of a checkbook, at least according to one report.
The Financial Times reports (http://www.cnbc.com/id/101580015) that Facebook is "weeks away" from gaining regulatory approval in Ireland for a service in which users can store money on the social network and transfer funds to one a**ther.
See also: Facebook in 2014: Fighting for Social Supremacy (http://mashable.com/2013/12/26/facebook-looking-ahead-to-2014/?utm_medium=feed&utm_source=rss)
The electronic money service would work throughout Europe, according to the report. Facebook is also looking to partner with several startups for international money transfers online.
Reps for Facebook did **t immediately respond to our request for comment Read more... (http://mashable.com/2014/04/14/facebook-financial-services-report/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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Facebook is moving closer to becoming more of a checkbook, at least according to one report.
The Financial Times reports (http://www.cnbc.com/id/101580015) that Facebook is "weeks away" from gaining regulatory approval in Ireland for a service in which users can store money on the social network and transfer funds to one a**ther.
See also: Facebook in 2014: Fighting for Social Supremacy (http://mashable.com/2013/12/26/facebook-looking-ahead-to-2014/?utm_medium=feed&utm_source=rss)
The electronic money service would work throughout Europe, according to the report. Facebook is also looking to partner with several startups for international money transfers online.
Reps for Facebook did **t immediately respond to our request for comment Read more... (http://mashable.com/2014/04/14/facebook-financial-services-report/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss) and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/2yru6kU77t0