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Facebook wants to be your online bank - Fortune Tech


Stashed in: Facebook!, Commerce

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"Australia's Commonwealth Bank['s Facebook] application is expected to launch sometime this year to customers. It will allow Facebook users who are bank customers to make payments to third parties as well as Facebook friends through the social media channel, according to the bank."

And so it begins.

My first instinct is "no way I'm trusting Facebook with my money!"

But then I realize that I trust Paypal with my money.

And several Paypal people are now at Facebook.

You're right, it begins. Next up: Facebook Credit Card!!

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