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	<title>moneytransfer &#8211; EFR Technology Group</title>
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		<title>Facebook will scrap Messenger payments in the UK and France</title>
		<link>https://www.efrtechgroup.com/tech/facebook-will-scrap-messenger-payments-in-the-uk-and-france/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Tue, 16 Apr 2019 09:47:00 +0000</pubDate>
				<category><![CDATA[business]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[gear]]></category>
		<category><![CDATA[messenger]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[moneytransfer]]></category>
		<category><![CDATA[payments]]></category>
		<category><![CDATA[paypal]]></category>
		<category><![CDATA[Tech]]></category>
		<guid isPermaLink="false">https://www.efrtechgroup.com/facebook-will-scrap-messenger-payments-in-the-uk-and-france/</guid>

					<description><![CDATA[[ad_1] The news, first spotted and posted on Twitter by James Whatley, means that Facebook might shift to its own crypto-currency, a type of stablecoin, for money transfers. Reportedly in development for WhatsApp, the blockchain-based currency is tied to the US dollar and supposed to be more resistant to the extreme volatility that has rocked [&#8230;]]]></description>
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<p>The news, first spotted and posted on Twitter by <a href="https://twitter.com/Whatleydude">James Whatley</a>, means that Facebook might shift to its own crypto-currency, a type of <a href="https://www.engadget.com/2018/12/21/facebook-digital-currency-stablecoin/">stablecoin</a>, for money transfers. <a href="https://www.bloomberg.com/news/articles/2018-12-21/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers">Reportedly</a> in development for WhatsApp, the blockchain-based currency is tied to the US dollar and supposed to be more resistant to the extreme volatility that has rocked Bitcoin and other crypto-currencies.</p>
<p>The service, <a href="https://www.engadget.com/2015/03/17/facebook-messenger-dolla-dolla-bills/">introduced in 2015</a>, made it relatively easy to pay back friends for dinner via a credit or debit card. A couple of years later, the company added the option to use PayPal, as well. There&#8217;s no indication yet that Facebook will discontinue money transfers on Messenger in other countries.</p>
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<br /><a href="https://www.engadget.com/2019/04/16/facebook-discontinue-messenger-payment-uk-france/">Source link </a></p>
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