Facebook forms a group to purse payments opportunities

Claudia Pincovski

13 Aug 2020 / 5 Min Read

F2 will be involved in building a digital wallet to hold the Libra cryptocurrency and in WhatsApp’s payments efforts in countries like India and Brazil. This is the latest step in a company wide effort to bring Facebook’s individual products and apps closer together.

The belief is that if users can make purchases on Instagram, Messenger, and WhatsApp, then Facebook’s advertising will grow more valuable, and users will spend more time inside the company’s apps.

Countries:

World

Claudia Pincovski

13 Aug 2020 / 5 Min Read

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