The Finanser Logo

Chris Skinner's blog

Shaping the future of finance

Gift

Facebook Testing Virtual Currency

Chris Skinner Author Avatar
by

Interesting note sent to me from Nelson Eduardo Pereira today, who spotted that Facebook are offering a currency.  It's not a real one, just swapping credits, but it's a start.

The service builds on the gift services in Facebook.

Gift

These gift services have been tracked by Lightspeed Ventures for a while now and estimated to be worth around $15 million a year back in January 2008, increasing to $35 million by September 2008 and probably upwards of $60 million today.

The credit-based system is described in more depth in Venture Beat:

Fbcred

and what it implies is that Facebook has launched a first phase, virtual currency for swapping appreciation in virtual units amongst their now almost 200 million users.

Tomorrow?

Cashing in those credits for trading in real money?

Can't be far away ... oh yea, that's Spare Change isn't it?

Chris Skinner Author Avatar

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...

Chris’s latest book

Chris Skinner’s ‘Digital For Good’ Book Launch Event – CFTE

Global Awards

Best CEO of the Year UK 2022

Best Digital Finance Provider of the Year UK 2022

Best Financial Markets Adviser of the Year UK 2022

Portal to the Knowledge Base of the Financial Services Club UK 2022

Financial Markets Advisor of the Year UK 2022

Corporate America Today Annual Awards

Best Financial Markets Adviser of the Year UK 2022

Portal to the Knowledge Base of the Financial Services Club UK 2022

Financial Markets Advisor of the Year UK 2022

Best Financial Services Blogger

Nominee of MAD33 2021

Kids creating the future bank | TEDxAthens

Join me on Linkedin

Follow Me on Twitter!

UK’s most influential person in technology

Captain Cake and the Candy Crew

Captain Cake Winner of a Golden Mom’s Choice Award

TWO-TIME WINNER OF A MOM’S CHOICE GOLD AWARD!

TheNextWeb – #tnw

Learn more about Chris

About Chris Skinner

Digital Bank Presentation

Digital Bank, May 2014 from Chris Skinner

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser