Facebook as a bank with a crypto currency

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Quote from: franky1 on April 15, 2014, 01:54:32 AM

i think he means this:
http://www.theguardian.com/technology/2014/apr/14/facebook-e-money-transfer-service-europe

Thanks for that.

Quote from: CryptoPanda on April 15, 2014, 01:54:56 AM

It's all speculation.
My guess is they will just implement some sort of stupid their own virtual tokens like mpeso or the chinese q coins or something.
Don't see them as so forward thinking, especially when his "friends" the twins are much into it.

Yeah from what I'm reading, it seems just like another one of the FB Credits idea except on a somewhat larger and grander scale. I'm definitely doubtful now that it will be crypto-related in anyway let alone Bitcoin considering that I don't think they'd work with the current frameworks and system in place.

CryptoPanda

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It's all speculation.
My guess is they will just implement some sort of stupid their own virtual tokens like mpeso or the chinese q coins or something.
Don't see them as so forward thinking, especially when his "friends" the twins are much into it.

franky1

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i think he means this:
http://www.theguardian.com/technology/2014/apr/14/facebook-e-money-transfer-service-europe

but i dont think facebook intend to use a crypto as their ledger. i think it will just be using facebook credits database, with multi FIAT currency inputs(as is right now) and soon multi FIAT outputs. much like western union

amazon are also trying to be payment processors, much like paypal.

both are missing the niche market. and purely trying to add another couple % ontop of peoples existent credit card fee's. after all both websites will still rely on visa and mastercard to get fiat in and out.

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Quote from: varChar on April 15, 2014, 01:44:04 AM

Heard from news that it will be possible to deposit money into FB and change to a crypto currency.
Will they get their own crypto currency or do you think that they will adopt btc?

Not too sure where you're getting your news from. Would you mind linking me to the article? I'm highly doubtful they'd let you deposit fiat for BTC considering they'd need to pass quite a few checks and regulation to act as exchange of sorts. I don't think they'd really do either TBH - I doubt they'd integrate BTC unless it became huge.

varChar

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Heard from news that it will be possible to deposit money into FB and change to a crypto currency.
Will they get their own crypto currency or do you think that they will adopt btc?

Topic: Facebook as a bank with a crypto currency (Read 417 times)