Facebook’s new acquisition could be a victory for its mobile payments endeavors

Facebook mobile payments

PayPal’s David Marcus joins Facebook Facebook has struck a major blow against PayPal through its acquisition of David Marcus, PayPal’s former president. Marcus has accepted a position as Vice President of Facebook Messenger, the social network’s new standalone messaging application. The app currently has more than 200 million monthly users and accounts for more than 12 billion messages sent each day. The app could soon become one of Facebook’s first mobile payments platforms, with the help of Marcus. PayPal is finding it difficult to compete with others in the mobile…

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