Facebook will scrap Messenger payments in the UK and France

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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 Bitcoin and other crypto-currencies.

The service, introduced in 2015, 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’s no indication yet that Facebook will discontinue money transfers on Messenger in other countries.



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