Latest in Gear

Image credit: Elijah Nouvelage / Reuters

Facebook will scrap Messenger payments in the UK and France

Will it focus on a blockchain-powered "stablecoin" instead?
612 Shares
Share
Tweet
Share
Save

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
612 Shares
Share
Tweet
Share
Save

Popular on Engadget

iPad Pro leak suggests tablet photography just won’t die

iPad Pro leak suggests tablet photography just won’t die

View
Apple's latest AirPods and wireless charging case are $30 off on Amazon

Apple's latest AirPods and wireless charging case are $30 off on Amazon

View
Google Fi now offers an unlimited plan

Google Fi now offers an unlimited plan

View
Get a glimpse of SpaceX's orbital Starship prototype under construction

Get a glimpse of SpaceX's orbital Starship prototype under construction

View
MoviePass is dying, but its former leader wants to resurrect it

MoviePass is dying, but its former leader wants to resurrect it

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr