I, for one, won't be using Facebook for my financial needs!

[imanamerican63]

Just what we need to allow foreigners to gain access to my financial resources and records at a faster pace! Facebook have issues with security of personal info!

[donkeypoofed]

1. FB lobbied for access to your banking info last year

You're nothing more than a "commodity" to Zuckerberg; and that commodity is information ( YOURS).

[Sherman A1]

2. Agreed

This is why I support Andrew Yang’s campaign as he addresses this and many other topics.

https://www.yang2020.com/policies/data-property-right/

[Skittles]

3. LOL

their entire business model is SELLING YOUR INFORMATION

it kills me how many people have been sucked into the FB Borg

[gratuitous]

5. Yup

Which is why all Facebook knows about me is where I live and where I went to school 40 years ago. It keeps badgering me for a phone number and other information, but it's pretty easy to just say no. Strangely enough, with this paucity of information, I don't seem to get a whole lot of spam from sources that I might trace back to Facebook.

It's like if you don't tell Facebook every last detail of your life, the information they might sell isn't very valuable.

[Skittles]

7. um....you're still part of it

[sop]

4. Will the Russians be able to launder their millions so their Facebook ads can't be traced?

[MuseRider]

6. My god

I won't even go to other sites using Facebook. Money, lol. Really?

[hunter]

8. I hate Facebook. But in many places government is worse and the local money is useless.

I'm not going to tie myself into knots over this. Facebook is setting this up as an independent foundation.

I can easily picture myself using this service to send money to people in situations where there are few or no alternatives.

I'm not especially fond of Western Union or PayPal either, but I have utilized their money transfer services.