Facebook can test WhatsApp Pay in several countries


In recent weeks news about Facebook has focused on the issues facing Libra , the company's cryptocurrency. However, with the goal of launching the virtual currency by 2020 increasingly distant, Mark Zuckerberg may start testing WhatsApp Pay in some countries, including Mexico and Indonesia.

Facebook has in recent days lost a quarter of potential members for its cryptocurrency. The PayPal gave up on 4 October and a week later, Stripe, eBay, Visa and Mastercard also denied Libra. While the creation of virtual currency is more impactful given the US political context, investing in WhatsApp Pay looks more promising.

The digital payment system for the application has already been tested in India for one million users. The service lets you send payments to anyone on a user's contact list. After the experience, it seems that the company intends to start testing in Mexico and other countries.

"The hope is to launch this in many places with existing currencies before the end of this year," Zuckerberg said at a leaked meeting in July. Information from the Jakarta Post indicated that another possible test destination would be Indonesia.

The experience in India , however, had to be postponed as the local government became concerned about Facebook storing data from Indian transactions. If the company can meet Indian data storage standards, it could establish its payment service for hundreds of millions of people in the country.

So while Facebook's current priorities are Libra, the company's financial aspirations don't tend to be limited to cryptocurrency alone . The results of virtual currency are unlikely to affect Mark Zuckerberg's broad payment strategy for the future. 





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