The Bank of Facebook – Revolutionizing Cross-Border Payments?

By Justin Mauldin

Technology is changing one of the most fundamental mediums that touch every person on the planet: money. Bitcoin’s rise showed us how much demand there is for a globally accepted digital currency.

However, all the things holding bitcoin back  —  merchant acceptance, instant transactions (bitcoin takes about an hour), and security  — are actively being created by the world’s social network. This past March, Facebook rolled out free peer-to-peer payments and set the company down a path to becoming one of the world’s most powerful financial institutions.  Click here for full article

Source: Tech Crunch