Google will offer current accounts and Facebook will allow payments from your ‘app’

Call them GLASSES. It is the acronym of Google, Apple, Facebook and Amazon, the four companies most famous and powerful among those that are changing the world. Have a lot, but want more; also the money, the business of money. The banks are already taking note.Google has announced that it will offer current accounts and Facebook is going to include a tool that will allow you to make payments from his apps. In the case of the social network is the second step that, because he continues in his efforts to get ahead in Libra, your criptodivisa.The company of the search engine plans to begin offering in the next year chequing accounts, a further step in the bet of tech giants for the banking and financial services. The project, named Cache, is carried out in collaboration with the bank Citigroup, and with a cooperative of credit of the californian university of Stanford, according to advance the journal The Wall Street Journal.For Google, that already has a payment system known as Google Pay, the current accounts offer access to a huge amount of user information, including the income and expenditure of the customers, according to the newspaper economic new yorker.Google will be added to other large Silicon Valley companies that are trying to become a hollow in the financial field, for now without too much success. Apple, for example, launched last summer a credit card, while Facebook is working on a currency digital that you are encountering with obstacles from regulators.Pound, the project criptodivisa stable led by Facebook, is under scrutiny by regulators in several countries, like Us or also in the European Union. In fact, in the last few weeks the project Pound has lost to its four main partners in the segment of payments: Visa, Mastercard, eBay and Stripe.In this context, the company Mark Zuckerberg has announced a new functionality within its family of applications called Facebook Pay, a payment gateway that will allow to make purchases, donations and transfers between private individuals. Users of any of the applications on Facebook will have to enter the details of a valid PayPal account or a debit or credit card.
20MINUTOS.IS – Technology

Google will offer current accounts and Facebook will allow payments from your ‘app’
Source: english  
November 14, 2019

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