PayPal Integration Shows Facebook Wants to Play in Currency, Partner for Payments

A few minutes ago, Facebook and PayPal formally announced a partnership that brings PayPal in as a first-class payment option for both advertising and Facebook Credits – the core e-commerce services within the Facebook ecosystem today. It’s an important step for both companies, and is a symbolic step in the direction Facebook is taking its business as it relates to payments.

As we wrote in “2009: The Year Facebook’s Platform Monetization Efforts Kicked In“:

It’s somewhat hard to remember now, but during much of the last couple years the tech press was heavily focused Facebook’s plans to build a “PayPal killing” payments service.

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