Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
November 12, 2019 06:17 pm PST

Goodbye Libra, hello Facebook Pay

A new proprietary online payment system for WhatsApp, Instagram, and Facebook launches today, exactly two weeks after all the payment companies dropped out of Libra.

The evil bastards at Facebook, to whom we're now supposed to refer as FACEBOOK, today unveiled Facebook Pay, which is not all caps, and which will work on Facebook, Facebook Messenger, Instagram, and WhatsApp, to let users shop, donate to causes, and pay friends.

Here's the official announcement at newsroom.fb.com.

The service will be separate from Facebooks new Calibra wallet and the Libra network, and its 'built on existing financial infrastructure and partnerships,' reports Tom Warren [@tomwarren] at The Verge:

Facebook is planning to start rolling out Facebook Pay on Messenger and Facebook in the US this week. It will initially be available for fundraisers, person-to-person payments, event tickets, in-game purchases, and some purchases from pages and businesses that operate on Facebooks Marketplace. Over time, we plan to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp, explains Deborah Liu, Facebooks vice president of marketplace and commerce.

Facebook Pay will be available in the settings section of the Facebook or Messenger apps, and it will support most debit and credit cards and PayPal. Facebook is using Stripe, PayPal, and others to process these payments.

Facebook isnt revealing exactly when this payment system will be available across all of its apps, nor when it will launch internationally. Facebook Pay comes just weeks after a large number of payment companies dropped out of Facebooks Libra project.

Read the rest

Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/V-RjbJJJfdo/goodbye-libra-hello-facebook.html

Share this article:    Share on Facebook
View Full Article