Report: Facebook Is About to Enter the E-Money Game

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Share baby photo. “Like” mom’s status message. Update relationship status. Send money.

is just “weeks away” from being able to provide to its users, reports the Financial Times. Currently awaiting regulatory approval in , the service would allow users to store money on Facebook and use it to pay and exchange money with others.

If approved, Facebook would become an in , much like PayPal.

Facebook is said to be in talks with three startups that offer international money transfer services.

It’s unclear if users will take to the service, given their trust issues with the networking site.

Related: PayPal Revises Policies to Become More Crowdfunding Friendly

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