The Central Bank of Ireland recently granted Facebook Payments International Limited (FBPIL) an e-money license, which effectively allows Facebook to facilitate peer-to-peer payments on its platform. Since Ireland is one of the member nations of the European Union (EU), Facebook is authorized to operate as a money transmitter in all of the EU states.
The official stated:
“The license enables us to roll out products like charitable donations on Facebook or peer-to-peer payments via Messenger in Europe, as we have in the U.S. The license authorizes FBPIL to issue donations from Facebook users to charities registered in the European Economic Area (EEA) only; and peer-to-peer payments, within the EEA.”
Read the full story on Cointelegraph News Desk : https://cointelegraph.com/news/bitcoins-new-competitor-facebook-obtains-e-money-license-in-europe
This is like the creators of myspace suddenly wanting to jump to the e-commerce opportunity.
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The big issue is (I personally feel) people who care about Crypto are people who really are pushing for decentralization. Facebook showing their potential for pushing a narrative will turn off the people who would likely care otherwise
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