J. O'Dell / VentureBeat:
Facebook wants your money.
No, we’re not talking about credits for FarmVille — not this time. The social network is trying to become your online bank account for making payments and storing cash (or virtual currency).
According to Irish Times, the social network is close to getting regulatory approval in Ireland (where Facebook’s EU operations are headquartered). This approval will come from Central Bank and will allow Facebook to become a digital financial institution — to “issue units of stored monetary value that represent a claim against the company.”
