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Facebook bank vs. money transfer duopoly.

Added almost 2 years ago | As appeared first on techcrunch.com | Author: 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 becom...
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