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Facebook has come up with a unit devoted to financial services

Shortpedia

Content Team
Image Credit: shortpedia

Social media giant Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform. The new unit called Facebook Financial, will be headed by e-commerce veteran David Marcus, who was a president at PayPal before joining the leading social media network six years ago. Marcus is one of the creators of Facebook's digital money network Libra.