Facebook doesn’t wait for Libra: Zuch introduces Facebook Pay

Facebook Pay is not a virtual currency. It is a payment system that uses credit cards, debit cards, and PayPal as options.

Users can use Facebook Pay to buy items from shops, send money to other users, and donate to charity. The payments system can be used across the stable of apps associated with Facebook: Messenger, Facebook, WhatsApp, and Instagram. The payments will be processed on existing platforms, such as Stripe and PayPal.

Facebook Pay will launch this week in the United States on Facebook and Messenger. No timetable has been announced for when the system will launch on the other apps or in other countries. Read more...

Facebook is wanting to get into finance anyway possible


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