You can stalk people on it, get hit on by people you never spoke to at school on it and now you can use Facebook to transfer money between your mates too.
Azimo allows Facebook users to send money "securely and cheaply" to their friends across the globe at a minimum charge.
For those who don't make regular transfers and payments this will probably be no big deal, but if you have friends and family abroad, you'll often find you spend a small fortune on the cost of making a transfer to people overseas. However, Azimo's new offering on Facebook aims to reduce costs and charges, offering a flat fee of £5 to transfer up to £500, and make the whole process much easier too.
Michael Kent, the Founder of Azimo, said:
"With more than a billion people around the world using Facebook to keep in touch with friends and family, it seems only natural it should become a channel for sending money.
"We surveyed our UK remittance customers and found nearly three quarters regularly use Facebook - and of those, over 60 per cent were in touch with the person they wanted to send money to."
It certainly makes sense to add in a money transferring feature to Facebook, but it may be a problem for those concerned with privacy and/or the fact the social network is slowly taking over EVERY avenue of our lives, like some kind of really lame version of the Matrix.
[Via Telegraph]
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