Watch Out PayPal, Facebook Is Getting Serious About Payments

Owen Thomas, VentureBeat | Mar. 21, 2011, 5:51 PM

How committed is Facebook about broadening its revenue streams beyond advertising?

So serious that its formed a subsidiary, Facebook Payments, Inc., and is registering it in a host of states.

The move could signal an intent by the world's largest social network to get more broadly involved in the payments business, while also making its business operations more efficient. Right now, it appears unlikely that Facebook will roll out any kind of consumer-facing payments service analogous to eBays PayPal - but it could set the stage for such a move down the line.

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