SYSTEMS:Facebook is not just a social network. On the one hand, some claim it is (sadly) at the centre of everything in many people's digital lives. The reality is that it is web ecosystem in its own right, covering content, marketing, engagement and messaging. Yet a robust payment system, one which could have an impact across many of the elements noted above, has yet to be realised. Read more on Linkedin.
There has been plenty of buzz this week surrounding the $58 million investment in Transferwise.
According to lead investor Ben Horowitz of A16Z, now joining the board of the fledging payments transfer company, he was righting a wrong by investing years after he first passed on the opportunity.
The idea behind Transferwise is simple - and it just works.
Now let’s turn to why, further down the line, Facebook should (and potentially will) buy Transferwise.
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