Facebook announces the end of P2P payments in the UK and France



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According to information that would not affect many users, Facebook announced that, as of June 15, it remove his peer-to-peer payment option in the United Kingdom and France.

Facebook P2P payments announced to users

As explained by Facebook, users in these areas will still be able to donate and "other transactions" via the app, but peer-to-peer sharing will be removed, canceling the option launched for the first time. times in Europe in November 2017.

According to TechCrunch, Facebook's official statement on the change suggests that the option was not highly appreciated by users.

"We are ending the possibility of sending and receiving payments in Messenger in the United Kingdom and France as of June 15th. After evaluating how to give users the best experiences possible with Messenger, we decided to focus our efforts on the most useful experiences. "

Add to that the fact that tighter regulations on online financial transactions will come into force in Europe later this year, and you can see why Facebook has chosen to depreciate the option. And there are also ongoing efforts on Facebook's cryptocurrency and the potential of this project to facilitate a whole new payment system. Given the various elements, change makes sense and may not signal anything more important on the horizon – at least not yet.

But it is likely that the Social Network Blockchain project will be singled out – its outcome is unclear, but all indications are that Facebook is working on its own peer-to-peer payment system, specifically market-driven Indian. but likely to spread to other regions, which would be better served by replacing the current process. It seems unlikely that Facebook will have the necessary infrastructure for this project before the implementation of the new regulation mentioned above. It is therefore possible that Facebook is teaching it knowing that it will propose an alternative in the near future.

As such, at this point there is a minor announcement, but it could be another element of Facebook's more general payment plans.

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