New app lets friends exchange money on Facebook

March 4, 2010 12:43:25 PM PST
The next time you owe a friend some money, you can pay them back on Facebook.

A new application called Buxter lets you transfer small amounts of money through the social networking site.

The idea is to use it for things like splitting restaurant bills or monthly expenses among roommates.

Payments are limited to just over $50 and can only be made between people who are friends on Facebook.