Rumor: Facebook is working on a service for online transactions

Facebook is working on a service that online transactions. That, say sources at the Financial Times. Users would be using their Facebook data money to others funds.

The social networking websites is, according to the Financial Times close to obtaining the consent of the Irish central bank for the service. If the central bank allows Facebook an institution for electronic money, the service in the whole of Europe are valid by means of ‘passporting’. That is the right to be with a single authorisation in all EU countries, financial services to offer. According to the sources, users can access the service than to use money to their Facebook account and to share with others books.

Also claim to be the sources of the Financial Times, that Facebook conversations have been conducted with three London start-ups that already offer a platform for international money transfers over the internet and via smartphones: TransferWise, Moni Technologies and Azimo. In addition, there are rumors that a co-founder of Azimo, an offer of 10 million euro has been started as the director of business development of the service. Facebook wants to do this, however, not confirm.

By the service to introduce is Facebook the battle with among others PayPal, and hopes its presence in emerging markets to increase. According to someone who says to be familiar with the strategy of Facebook, will the social network be useful in the third world. Transfers and virtual transactions would have a crucial role to play. Previously already appeared messages about a similar service.