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Techcrunch
“On 15 June 2019, we will discontinue P2P services on Messenger or through Facebook messages for all residents in the UK and France,” the company noted in a short statement on its main help page for the payments service. “While you won’t be able to exchange money with friends and family, you’ll still be able to complete other transactions through Facebook, such as making donations to charitable organisations.”
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Perhaps more interestingly, the company is reportedly working on a cryptocurrency that would allow for people on its messaging networks to send money to each other. If such a product really does get rolled out, it may be that Facebook would use that to become its primary P2P payment mechanism.
At some point these companies will realize that it is economically much more viable to support an open source technology for money transfer than to create something centralized.
“On 15 June 2019, we will discontinue P2P services on Messenger or through Facebook messages for all residents in the UK and France,” the company noted in a short statement on its main help page for the payments service. “While you won’t be able to exchange money with friends and family, you’ll still be able to complete other transactions through Facebook, such as making donations to charitable organisations.”
...
Perhaps more interestingly, the company is reportedly working on a cryptocurrency that would allow for people on its messaging networks to send money to each other. If such a product really does get rolled out, it may be that Facebook would use that to become its primary P2P payment mechanism.
At some point these companies will realize that it is economically much more viable to support an open source technology for money transfer than to create something centralized.
It has been clear, a year ago this had been going out a lot that Mark Zuckerburg is starting to study about cryptocurrecny and it can be applied to it's social media platform.
Can't wait whether this will create a new hype in the market or will it be another shitcoin.
I suspect there will be a lot of hype around it, but like everything the big companies release now, it will fade away in a year or 2.
