If you have a vested interested in online payments, either as an ecommerce trader or a financial services provider, a quick skim through techcrunch's article on Facebook's European payment licences is well worth your time.

Facebook Payments is already operating in the United States and all the indications are that Europe is likely to follow now that Facebook has licences for e-money and payment services out of Ireland.

Whilst Facebook's exact intentions aren't yet clear, author Christoffer O. Hernaes rightly points out that Facebook as a licensed payment service company would be a force to be reckoned with.