First the drones for making internet accessible, then acquiring Oculus VR, and now “e-money’! This is an interesting pattern to notice about Facebook. Going by the news, we find that the social media giant is close to regulatory approval for letting users store money on its platform. The platform is known as ‘e-money’. It is in talks with TransferWise, Moni Technology etc to offer the services.
At every turn we see Facebook coming up with a new venture and planning to expand into a new horizon.