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http://www.dailymail.co.uk/sciencetech/article-2604159/Would-bank-Facebook-Social-network-rumoured-planning-electronic-money-services.html

It’s the place to update friends about your day, share pictures and catch up on the gossip.

But in the future, Facebook users could use the site to make electronic payments and save money too.

The social network is rumoured to be seeking regulatory approval to offer financial services - including electronic money and remittances - which would, for example, allow foreign workers to easily transfer money back to their families.

Facebook is seeking regulatory approval from the Central Bank of Ireland, which, if it is granted, would allow people to store money on the social network, transfer it to other users and pay for goods, according to a report by The Financial Times.

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Probably a good idea. Seeings as the small print seems to suggest anything you upload onto facebook belongs to facebook, it gives them information on the borrower lenders would just love to have.

How many 'broke' idiots might be caught out by their holiday snaps? Or the whereabouts of that new ipad they cant help bragging about that the balliffs would love to get their hands on?

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Probably a good idea. Seeings as the small print seems to suggest anything you upload onto facebook belongs to facebook, it gives them information on the borrower lenders would just love to have.

How many 'broke' idiots might be caught out by their holiday snaps? Or the whereabouts of that new ipad they cant help bragging about that the balliffs would love to get their hands on?

Indeed.

Meet your new univited "Friend", he's the Bailiff.

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Indeed.

Meet your new univited "Friend", he's the Bailiff.

It could be the perfect way to push debt though.

"We noticed you liked the new Hermes handbag. We've preapproved a loan for you to buy one. All you have to do is click accept and it will be delivered to your door."

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