Yep, facebook wants to be a bank. Not a normal bank, but a disruptive, move fast and break things bank. It’s very similar to paypal; for the first years of their existence there were essentially no laws governing what they were doing. They hold money for people but there are no paper (or electronic) dollars, nor FDIC insurance. They get all the advantages of being a bank with none of the burdens.
And of course being able to see everyone’s bank statements (because fb is the bank) is an advertiser’s dream. fb doesn’t need blockchain for this, and in fact the blockchain would broadcast the proprietary data to competitors.
