Facebook Pay Stopped in its Tracks! Is this PayPal’s Fate too? What does this mean for Payments Across Africa?
Facebook Pay in Brazil
Stopped by the Central Bank
Whatsapp 120m users
Ordered MasterCard and Visa to stop
Blocked Cielo payment gateway relationship
All because the Central Bank of Brazil is rolling out own digital currency
Is this their fate across Africa?
Black Lives matter movement:
Companies actively supporting with policies
Adidas, Amazon, IBM, Andreessen Horowitz, Facebook, Apple, Estee Lauder, Fitbit, PayPal, Pinterest, Youtube, Target, Pepsico, Walmart
Blocked BINs across Africa – could this be termed discrimination?
Governments will want to dominate
WRT PayPal’s recent support for crypto purchases
They could also be prevented from selling bitcoin or using it to transact
Do you think PayPal’s mission is to hodl or to transfer globally cross border?
Imagine the awesomeness of that!
This would put it in the same category as Facebook Pay
This is why P2P systems like localbitcoins and Paxful are styling
Click here to get paid at the checkout across Africa – https://africanpaymentsolutions.com/products/#footer