Facebook Launches ‘Facebook Pay’ As Libra’s Legal Saga Continues

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Facebook has announced the introduction of “Facebook Pay,” a payments service that will eventually be operable across Facebook proper as well as Facebook Messenger, Instagram, and WhatsApp. The launch of the product, which is slated to operate similarly to Venmo or Paypal, was announced in a company blog post on Tuesday, November 12.

The company says that the service will allow its users to make payments to merchants and send money to other users using PIN numbers or biometric identification measures available on their phones.

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“I’ve never seen ‘Facebook Pay’ before. Is this a rebrand or a new service?” Wong asked in a Tweet.

A number of US-based payment processors pulled out of Libra last month

Notably, the launch of Facebook Pay comes weeks after every major US-based payment processor that originally signed on as a backer to the project made the decision to pull out; namely, Visa, PayPal, Stripe, and Mastercard. eBay, Mercado Pago, and Booking.com also pulled out of the project.

However, according to CoinTelegraph, Visa CEO Alfred F. Kelly has said that Visa is still in talks with Facebook regarding Libra.

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