Facebook is Building a New Payment Operations Team (insidefacebook.com)

You can put money into the PayPal credits system and buy things inside that universe, but I wonder if this hiring foreshadows the system's evolution into a two-way conduit. Is this the beginning of Facebook's competition with PayPal or perhaps Western Union? Facebook certainly seems like a fertile platform for easily sending money to friends and family.

Not a surprise. I still feel this is where their revenue will come from.

Isn't a 30% transaction fee too high for this? Unlike iPhone/Android, you still get the distribution channel regardless of whether you use Facebook's credit system.