Saturday, April 11, 2015

Facebook will now track users’ finances in addition to social contacts, employment, health status and political affiliation

new Sunday 12th April 2015 
‘In its bid to become the provider – and tracker – of all things to all humans, Facebook has announced that it is entering the peer-to-peer money transferal market.
The initiative is meant to rival PayPay, and it revolves around Facebook’s Messenger app. According to the Financial Times, the Silcon Valley-based social media company is trying to compete with PayPal, Square and other payment providers and, eventually, even large banks, following an announcement that users will be able to upload a Visa or MasterCard debit card to the Messenger app and send payments to other Facebook users for free.’
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