Facebook VP says company has ‘very, very big plans’ on digital payments

  • Date: 22-Apr-2021
  • Source: Yahoo News
  • Sector:Economy
  • Country:Middle East
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Facebook VP says company has ‘very, very big plans’ on digital payments

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceFacebook VP says company has ‘very, very big plans' on digital paymentsMax Zahn with Andy SerwerApril 22, 2021, 9:20 AM·3 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.The Facebook (FB)-backed digital currency diem is set to begin a trial later this year, marking the company's first foray into cryptocurrency since its embattled Libra project, CNBC reported on Tuesday. The plans come months after the formation last August of Facebook Financial, a division that oversees online payments, which CEO Mark Zuckerberg said on an earnings call that month would "only grow as a trend."In a new interview, Carolyn Everson — vice president of Facebook's Global Business Group — doubled down on the company's commitment to digital payments, saying it has "very, very big plans" in the area. She emphasized the importance of expanding direct payments between users as well as between users and businesses, saying the company wants such services to be available "globally.""We certainly have very, very big plans around being able to facilitate payments between businesses and people and people to people," says Everson, an executive at the company since 2011."We see being able to