Facebook Pay completes the ecosystem

News you want to use week 47.

Libra isn’t Facebook’s only big leap into the payment world. The social media giant has unveiled Facebook Pay, its bid at simplifying both purchases and money transfers. Once you’ve set a payment method, it’s theoretically quick and easy to buy tickets, shop on Marketplace, contribute to fundraisers or cover your share of last night’s pizza. This will be separate from the Calibra wallet used to handle Libra cryptocurrency, Facebook added. This isn’t a radical departure if you’re used to services like Apple Pay. The difference, of course, is convenience within Facebook’s ecosystem.

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