The next app that simplifies bitcoins for the masses: Quickcoin for Facebook

The trend of making bitcoins easier to buy and transfer for the everyday user continues. What we’re seeing can be

The trend of making bitcoins easier to buy and transfer for the everyday user continues. What we’re seeing can be somewhat likened to the evolution GUI-based interfaces for PC’s years ago.

Quickcoin has launched an app integrated into Facebook that allows users to transfer bitcoins between each other. Users simply select friends to send coins to, without dealing with things like bitcoin addresses. Amounts are expressed both in dollars and bits- a new trendy way of expressing millionths of a bitcoin.

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QuickCoin co-founder Marshall Hayner said:

“You don’t need to know how DNS works to surf the internet, so why should you have to know how Bitcoin works to use Bitcoin? The answer is clear: you shouldn’t have to. We realized if we could make something that makes sense for everyone to use, we could reach a large audience with an amazing world-changing technology, and that’s what we seek to do.”

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They will be charging 5 cents per a transaction to cover miners fees.

They are reportedly being advised by Dogecoin founder Jackson Palmer.

They are also looking to eventually bring the app to other social networks.

It will be interesting to observe how this app stacks up against other forms of digital money in Facebook. Facebook credits were introduced in 2011 but were discontinued after one year. The social network is also looking to get into the remittances market and e-money.

Due to Bitcoin’s ability to be divided into small denominations, this would make a great scheme for easy tipping in place of/together with expressing a “Like”. With Jackson Palmer on board, Dogecoin may ideal as the next coin to be integrated.

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