Another “Pay–ment” System Introduced
Contactless payment solutions are becoming quite popular and now Facebook will be launching their version, Facebook Pay. Although not used like the current other contactless systems, you will be able to use it on all their social media properties and applications including shopping in the Facebook marketplace, paying for in-game purchases, sending money, ordering tickets and donating to causes. It is a separate project from Facebooks’ new Calibra wallet and their Libra cryptonetwork. After the inital rollout, it will gradually expand to more people and places.