FACEBOOK PLANS ITS OWN PAYMENT SYSTEM

Updated: 05/13/2009 19:43
Reprints/Permissions  Hyip Monitor
According to VentureBeat’s speculations Facebook plans to test its own micropayment system within the next few weeks. Full information about...

According to VentureBeat’s speculations Facebook plans to test its own micropayment system within the next few weeks. Full information about this system is not available, but as sources tell to VentureBeat only few developers are involved in test and users will pay for thing with real money.

Also VentureBeat supposes that the platform will likely include a "universal currency" linked to a user's login. This means that users of Facebook will be able to conduct transactions by entering their payment info only once.

But there are still many doubts, because Facebook has neither confirmed nor denied this news. But after Facebook’s COO Sheryl Sandberg’s words that it was time for the network to "execute" and deliver a solid return on investment for backers like Microsoft, it is possible to assume that some kind of payment platform really can be under development.

EcommerceJournal


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