A Threat to Bitcoin? Facebook Rolls Out P2P Payments on Messenger

alani123

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Quote from: commandrix on March 20, 2015, 08:26:02 PM

Unlikely, if it works only on Facebook-owned properties. At most it would be used for "tips" between regular Facebook junkies and who would think of using Facebook when you have ChangeTip.

Well, while that's true it wouldn't be surprising to see this service receiving millions of users throughout the states. It's most likely going to be people that don't know any better.

commandrix

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Unlikely, if it works only on Facebook-owned properties. At most it would be used for "tips" between regular Facebook junkies and who would think of using Facebook when you have ChangeTip.

DarkHyudrA

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English <-> Portuguese translations

Its an already dead system.
Srysly, it takes at least 1 day to complete a transaction?
How much would we need to take this money on a bank account? 10 days?

anonEmouse

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The graphic says it all.

Funny how everyone and their dog wants to make a p2p payment system but they skip over the reasons that makes Btc so strong.

#FAIL

alani123

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Quote from: pedrog on March 20, 2015, 01:22:52 PM

We already have bitcoin p2p payments in Facebook, through Changetip.

Of course, bitcoin option added to fund Facebook account would be great.

Changetip practically acts as a middleman so probably not P2P. At least not at the moment since ChangeTip CEO Wants to Bring Tipping Back to Blockchai.

pedrog

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We already have bitcoin p2p payments in Facebook, through Changetip.

Of course, bitcoin option added to fund Facebook account would be great.

remotemass

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ASMR El Salvador

Will facebook payments allow for micropayments? What will be the minimum amount to send?

Undermood

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Not threat at all. Facebook just follows the step of Apple and paypal! Let see how it will go! Facebook has a very big of user base and could attract many customers.

Agestorzrxx

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They still using fiat to transfer money, so it's not a threat to bitcoin. They can't transfer money in
international.

OpenOcean

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Just an unoriginal and lazy hack attempt at trying to steal Bitcoin's limelight.

thew3apon

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Quote from: ?? on ??

It's not P2P at all, centralized, no privacy
It just another regular service Sad

But, i bet soon it will be gone Roll Eyes

Agree its centralized completely different to bitcoin.

redhawk979

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They have something like 1.5 billion active users per month

Those people don't care that its centralized.

stevenh512

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I don't see what problem Facebook thinks it's solving here. To me it looks like Facebook just sees companies like PayPal, Apple and to a lesser extent Google making a lot of money by piggybacking on top of the existing credit card, ACH and/or SWIFT systems and they want in. It's still a centralized solution, relying on technology we've all had indirect access to (through our banks and our credit/debit cards) for decades. When PayPal came along, they at least made the leap from having to go to the bank or a Western Union to wire money, to being able to just email money to someone. I don't see any similar leap with any of the solutions that have come along since PayPal with the possible exception of NFC payments with Google Wallet and Apple Pay.

A threat to Bitcoin? No, just someone else trying to capitalize on PayPal's business model.

Lauda

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Terminated.

At the first glance, I was expecting you to be the one promoting this feature (from the title). Anyhow this is dumb in my opinion. This literally has almost no benefits. You still have to wait for the long transaction times from the banks.
I have plans to delete Facebook permanently soon, as it is really useless these days. Their applications are even heavy on the phones.

Denker

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Quote from: alani123 on March 19, 2015, 10:57:07 AM

I don't see this as a threat... Why would it be? P2P or not, we know that bitcoin is the real decentralised technology...

Take a look at this, UK gov is trying to make their country a global center for digital currency trade and fintech in general. They know how big of a potential bitcoin and the blockchain has when it comes to financial technology development.

Could facebook's User to User payment processor achieve any of this? Probably not.

Relevant:

<- click

Nice graphic. It just has a small misspelling. It is Rakuten and not Ratuken.

cakir

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It's not a threat.

It's not instant enough to be threat. They're just middle man between money transfers between banks. It's quite useless.

Twipple

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Bitcoin is definitely better, but the layman doesn't really understand bitcoin and has not taken the step to. For them using facebook will obviously be more easier.

dKingston

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LAUNDER BITCOIN: https://BitLaunder.com

Facebook is NO THREAT to bitcoin .. facebook p2p payments is actually a JOKE

amiryaqot

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Quote from: alani123 on March 19, 2015, 10:57:07 AM

I don't see this as a threat... Why would it be? P2P or not, we know that bitcoin is the real decentralised technology...

Take a look at this, UK gov is trying to make their country a global center for digital currency trade and fintech in general. They know how big of a potential bitcoin and the blockchain has when it comes to financial technology development.

Could facebook's User to User payment processor achieve any of this? Probably not.

Relevant:

<- click

that is really great comparison between bitcoin and facebook payments, bitcoin has no threat from these kind old payment system,
bitcoin is most advanced globally accepted next generation currency.

alani123

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Quote from: thejaytiesto on March 19, 2015, 11:40:54 AM

Nice, love the bitcoin community, these guys are fast at creating these nice and clear looking pictures that put things into comparative. Excellent for noobs that may think this is "bitcoin by mark zuckerberg" so to speak.

Yup, this graph is definitely nice. I remember when snapchat announced its "payment" feature. Despite all the hype created by the media we never got to hear about it again after the announcement. People disliked it so much that they never promoted it again.

Topic: A Threat to Bitcoin? Facebook Rolls Out P2P Payments on Messenger (Read 2452 times)