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Real $$ changing hands on Facebook.

06 March 2010

Folk can also buy Facebook Credits to be used on site. London, Britain ( CNN ) -- We already connect to buddies on Facebook to share stills, videos, text updates and Web links, but might we also use the service to exchange money?

Buxter is not very likely to take Facebook by tempest : While convenient for settling a dinner or drinks bill between pals, it might prove really handy only if all your Facebook connections were to join. You are inspired to install the application when getting a payment -- a strong inducement, for sure -- but building trust and a user base for a new payments application may prove an uphill struggle. A much more likely contender in this space : Facebook itself.

Facebook Credits can be purchased with a Mastercard and are used to buy virtual items inside games like FarmVille. They may also be used to buy virtual gifts for buddies. If you imagine friends settling the dinner bill using Facebook credits the subsequent morning, you are

"...If you imagine friends settling..."

perhaps missing another major social networking trend : mobile. Given the near-ubiquity of Facebook, it cannot be long till such little payments are made in real time on your telephone. Naturally, we will have many options for exchanging little amounts of money over the Web -- we already do -- but Facebook holds a singular guarantee. The social network is a platform for sharing between mates, from Web links to stills, videos and even exchanging virtual gifts. It's only logical a place for exchanging social currency will one day become a place to transfer real money, too.

Posted by Bridger Gallegos Comments Links to this post

Alfonso said:
Consumers can shop on the internet, by catalox or through call centres, and nay for their purchases at their bank, credit union, or bill pay portal using1the safety and convenience of net banking or by paying the bill at over 75,000 walk-in locations. ?
06 March 2010 14:40:40

Camren said:
Is this make a contribution to the argument about to make .
06 March 2010 16:27:41

Kareem said:
A brilliant at multitasking, she is employed about twenty hours a week for Jennifer's Edibles.
07 March 2010 02:35:52

Jonah Hamilton said:
This has been something I've been examinign for some time but with obviously little success ?
07 March 2010 08:46:22

Elmer Lambert said:
You earn a mean of $4.50 per individual in your network, which is over 450% more than the owner of the company. !
08 March 2010 07:49:47

Reed Lowe said:
Not that its anything to do with me... it is helpful for newbies like us therefroe I’m not complaining about you dude. Do whatever you gotta do !
09 March 2010 19:21:09

Josh-A said:
I really like the article .
10 March 2010 22:52:49

blame said:
It is ancient news get with it
12 March 2010 05:37:14

Salvatore Albert said:
Thus , the con of the hour is one that alleges to send you money -- tons of it.
12 March 2010 14:58:38

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25 March 2010 06:25:51

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11 April 2010 17:26:46