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"Facebook has nabbed PayPal's president in the clearest indication yet that the social media company will soon be venturing into online payments. \nDavid Marcus will lead Facebook's messaging products, the company announced in a press release on Monday.\nSee also: 12 Facebook Statuses You Need to Retire\nMarcus confirmed the move with a post to Facebook, which can be found in its entirety at the bottom of this post. \n\"While I was in the middle of my thought process about what was next for me, Mark Zuckerberg and I got together. Mark shared a compelling vision about mobile messaging,\" Marcus wrote. \"At first, I didn\u2019t know whether another big company gig was a good thing for me, but Mark\u2019s enthusiasm, and the unparalleled reach and consumer engagement of the Facebook platform ultimately won me over.\"\nFacebook made a splash in the messaging world with its $19 billion acquisition of WhatsApp. The company also announced on Monday the launch of Slingshot, its new messaging app that has similar functionality to Snapchat.\nThe ability to attach money to messages is seen as a major way of generating cash out of the popular messaging market. Facebook CEO Mark Zuckerberg said following the WhatsApp acquisition that he does not see advertising as see adds as the way to monetize messaging.\nWhatsApp will reportedly not be under Marcus and continue to operate independently.\nThe Financial Times reported in April that Facebook was readying an online payments system that would first debut in Ireland and across Europe.\nFacebook currently allows for in-app payments in the U.S. In 2011, the social network attempted to kickstart its own currency with Facebook Credits, but closed the program.\n\nPost by David Marcus.\nHave something to add to this story? Share it in the comments.\n      window._msla=window.loadScriptAsync||function(src,id){if(document.getElementById(id))return;var js=document.createElement('script');js.id=id;js.src=src;document.getElementsByTagName('script')[0].parentNode.insertBefore(js,fjs);};\n_msla(\"//connect.facebook.net/en_US/all.js#appId=116628718381794&amp;xfbml=1&amp;status=1&amp;cookie=1\",\"facebook_jssdk\");"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2014/06/09/paypal-president-moves-to-facebook-to-lead-messaging-products/>