Latest in Gear

Image credit:

Facebook will scrap Messenger payments in the UK and France

Will it focus on a blockchain-powered "stablecoin" instead?
Steve Dent, @stevetdent
April 16, 2019
Share
Tweet
Share

Sponsored Links

Elijah Nouvelage / Reuters

Facebook will discontinue peer-to-peer Messenger payments in France and the UK on June 15th, the company told Engadget. "After evaluating how we give people the best experiences in Messenger, we made the decision to focus our efforts on experiences that people find most useful," Facebook said, adding that active users will be notified ahead of the changes.

The news, first spotted and posted on Twitter by James Whatley, means that Facebook might shift to its own crypto-currency, a type of stablecoin, for money transfers. Reportedly in development for WhatsApp, the blockchain-based currency is tied to the US dollar and supposed to be more resistant to the extreme volatility that has rocked Bitcoin and other crypto-currencies.

The service, introduced in 2015, made it relatively easy to pay back friends for dinner via a credit or debit card. A couple of years later, the company added the option to use PayPal, as well. There's no indication yet that Facebook will discontinue money transfers on Messenger in other countries.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Presenting the Best of CES 2021 winners!

Presenting the Best of CES 2021 winners!

View
Donald Trump pardons ex-Waymo, Uber engineer Anthony Levandowski

Donald Trump pardons ex-Waymo, Uber engineer Anthony Levandowski

View
Synthetic cornea helped a legally blind man regain his sight

Synthetic cornea helped a legally blind man regain his sight

View
Korg teases Drumlogue, a hybrid analog / digital groovebox

Korg teases Drumlogue, a hybrid analog / digital groovebox

View
Paramount+ will replace CBS All Access on March 4th

Paramount+ will replace CBS All Access on March 4th

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr