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The European Union's 28 data protection authorities last year requested that WhatsApp stop sharing users' data with Facebook due to questions over the validity of users' consent. Facebook's European regulator said it hoped to reach a deal in the coming months with the U.S. company to allow it to use data gleaned from the WhatsApp messaging service it acquired in 2014. Ireland's Data Protection Commissioner Helen Dixon, the lead EU regulator on privacy issues for Facebook ( fb ) because the company's European headquarters are in Dublin, on Tuesday said she hopes for a final resolution by the summer. "We are working towards a solution on that." "I think we are in agreement with the parties — WhatsApp and Facebook — that the quality of the information provided to users could have been clearer, could have been more transparent and could have been expressed in simpler terms," she told Reuters in an interview.
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In the six-year-old mystery of how Facebook (NASDAQ:FB) will monetize WhatsApp without selling ads appeared an interim response - WhatsApp enters the market of digital payments. So, Facebook begins to monetize WhatsApp on the digital payments market, which has greater growth potential in comparison with the digital advertising market, in which Facebook operates. The most rapid growth of the Internet advertising market is already in the past, which cannot be said about the digital payments market. In 2017, the total value of mobile payment transactions only in the U.S. is expected to grow by 128%, amounting to $61.75 billion. Secondly, the volume of transactions of the mobile payments market will continue growing at a CAGR of more than 50% in the next few years.
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The European Union's 28 data protection authorities last year requested that WhatsApp stop sharing users' data with Facebook due to questions over the validity of users' consent. Facebook's European regulator said it hoped to reach a deal in the coming months with the U.S. company to allow it to use data gleaned from the WhatsApp messaging service it acquired in 2014. Ireland's Data Protection Commissioner Helen Dixon, the lead EU regulator on privacy issues for Facebook ( fb ) because the company's European headquarters are in Dublin, on Tuesday said she hopes for a final resolution by the summer. "We are working towards a solution on that." "I think we are in agreement with the parties — WhatsApp and Facebook — that the quality of the information provided to users could have been clearer, could have been more transparent and could have been expressed in simpler terms," she told Reuters in an interview.
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Facebook nears WhatsApp data deal with EU regulator
Helen Dixon, the Republic of Ireland's Data Protection Commissioner, hopes to come to an agreement with Facebook in a matter of months covering WhatsApp sharing data with the social media giant, Reuters reported. In November, WhatsApp stopped sharing data of European users with Facebook a week after initiating a similar move in the UK at the request of the country's Information Commission. "We hope to continue our detailed conversations with the UK Information Commissioner's Office and other data protection officials, and we remain open to working collaboratively to address their questions," Facebook said at the time. The office is Facebook's primary regulator in the region, as its European headquarters is located in Ireland. Meanwhile, EU antitrust chief Margrethe Vestager recently said she is reviewing Facebook's response to charges it gave misleading information on how it would be able to use customer data during its proposed acquisition of WhatsApp.In the six-year-old mystery of how Facebook (NASDAQ:FB) will monetize WhatsApp without selling ads appeared an interim response - WhatsApp enters the market of digital payments. So, Facebook begins to monetize WhatsApp on the digital payments market, which has greater growth potential in comparison with the digital advertising market, in which Facebook operates. The most rapid growth of the Internet advertising market is already in the past, which cannot be said about the digital payments market. In 2017, the total value of mobile payment transactions only in the U.S. is expected to grow by 128%, amounting to $61.75 billion. Secondly, the volume of transactions of the mobile payments market will continue growing at a CAGR of more than 50% in the next few years.
to read more visit us whats app br/>
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