
Reports this week suggest that Facebook is preparing to launch an e-money service. The Financial Times believes that the US company is weeks away from gaining regulatory approval in Ireland for a service that would let users store money on Facebook and use it to pay others. Facebook declined to comment on the report and its exact goals are unclear at this point. Forbes reports that Facebook has already obtained Money Services Business (MSB) licenses in 48 U.S. states, so it is planning something global, but the publication highlights a valid question: do users trust Facebook to handle their money? Asia:…
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