May 22, 2009

Facebook payments
CNET | Will make for a fascinating monetary experiment
It's become increasingly clear in recent weeks that Facebook is finally inching toward the launch of a micropayment platform. The social site has been expanding the presence of its virtual currency, which Facebook debuted last November when it changed the monetary units for its "Gifts" product into "credits" rather than U.S. dollars. Over 200 million members - article goes on to cite "currency implications, there are buying power implications, and there are payment provider implications."