Revolution Money on Facebook?

Posted by Nick O'Neill on September 25th, 2007 7:30 AM

I was sent a link to an unreleased Money Exchange application last night. Happened to be perfect timing given the announcement of Revolution Money. While the application doesn’t seem to do much currently, it is intended to transfer money for free over Facebook.

The concept of transferring money for free on the internet is definitely a revolutionary one. Once they launch the product I am confident that they will be successful as long as they can deliver. It will be interesting to see how soon they launch their product. Once launched, this will be the first (and only) free money transfer product on Facebook. My guess is that Facebook’s future e-commerce system will also tie into this as a back end given the extremely discounted fees for merchants. You can go check out the non-functioning Money Exchange application if you’d really like but it isn’t worth the time given that it doesn’t work. Enjoy!

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