[eoinboylan]

This will be massive in Europe for WhatsApp. Just went on a ski trip with people from a number of European countries. All use WhatsApp but we didn’t have a single app to send money to each other. PayPal was the only option but most people didn’t have that so we used cash.

[daqhris]

Right! Most of EU countries have one dominant e-payments provider. Some of these national fintech startups are owned by or have links with local banks. Hard to find a product that is 100% usable in every EU nation, besides traditional US players. Once, you cross borders, you have to adapt. This Facebook initiative has the potential to unify a dislocated ecosystem and facilitate users' convenience and adoption of P2P digital payments.

Some risks that would put a halt to this? The EU regulatory bodies in Brussels. They'll find any reason(s) to put some breaks/guardrails and slow down the exponential adoption of FB Pay. Not being too pessimistic, but their mutual relation isn't in the best shape nowadays.

[micael_dias]

Revolut is pretty big in Europe but I guess not that ubiquitous yet

[disgruntledphd2]

I don't use Revolut, as I don't trust any financial company that can't make money (which is apparently a very old-fashioned view).