Facebook (FB) is about to receive regulatory approval from - TopicsExpress

Facebook (FB) is about to receive regulatory approval from Irelands central bank for a service that would allow its users to store money on Facebook, and use it to exchange and pay money with other members. The approval would allow Facebook to become an e-money institution that can issue units of stored monetary value that represent a claim against the company. These units would be valid throughout Europe through passporting. The company is in partnership talks with TransferWise, Moni Technologies, and Azimo, which provide international money transfer services online and via smartphones.

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