Facebook set to launch payment platform

Facebook may be set to launch a secure payment platform through its site, claims the social network’s unofficial blog, allfacebook. The report claims that an SSL version of the site, which has been spotted by users, could signal the previously rumoured roll-out.

SSL, or secure sockets layer, protocols are used across the web for securing actions such as email, instant messaging, data transfers and online payments. Reports claim that, based on this technology, a payment platform could be unveiled at Facebook’s F8 developers’ conference, later this month.

In December, it was first reported that Facebook is to launch a payment system, after the social network called on developers to submit payment system apps for beta testing. The move will allow payments to be made within applications, and without using external services such as PayPal. The system will allow Facebook to boost revenue by taking a commission on payments, while also encouraging social shopping from within social networks.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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