Transactions are visible to friends and friends-of-friends who also use the site.
www.friendswithcoins.com
Benefits
For Sellers
- Instant payments using PayPal or email money transfer
- Reduced risk of chargebacks since you're dealing with friends and friends-of-friends
- Free social advertising
- The average facebook user has 245 friends. FWC includes friends of your friends giving you a potential reach of 60,025 (245 x 245) people
For Buyers
- No lengthy account approval process
- Send money instantly and cheaply instead of waiting days for a payment to process
- Personal Bitcoin wallet created on sign up with a new address generated for each transaction
- Withdraw Bitcoins at any time or keep them in the online wallet
- Only pay current market prices since sellers don't include risk fees
It should make people more comfortable than buying from strangers on LocalBitcoins.
*EDIT. *FIXED: bug found on Chrome Browser: the "Share Transaction" popup won't close after clicking "Post". Once you click "Post", click outside the popup to close.