Author: Chris Welch
Illustration by Alex Castro / The Verge
Facebook is aiming for a more cohesive strategy around digital payments with the formation of a new division, Facebook Financial, that “will run all payments projects, including Facebook Pay,” according to Bloomberg. The unit is led by seasoned Facebook exec David Marcus, who was formerly in charge of Messenger before moving on to focus on the company’s blockchain efforts and Libra cryptocurrency.
He’ll still be overseeing that effort, but Facebook Financial will prove equally important if not more so as the company seeks to get its hugely popular apps — Facebook, Messenger, Instagram, and WhatsApp — running on the same messaging backbone. Facebook Pay lets you send money to friends / family or purchase goods across Facebook’s software...
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Facebook is aiming for a more cohesive strategy around digital payments with the formation of a new division, Facebook Financial, that “will run all payments projects, including Facebook Pay,” according to Bloomberg. The unit is led by seasoned Facebook exec David Marcus, who was formerly in charge of Messenger before moving on to focus on the company’s blockchain efforts and Libra cryptocurrency.
He’ll still be overseeing that effort, but Facebook Financial will prove equally important if not more so as the company seeks to get its hugely popular apps — Facebook, Messenger, Instagram, and WhatsApp — running on the same messaging backbone. Facebook Pay lets you send money to friends / family or purchase goods across Facebook’s software...
Continue reading…
Continue reading...