Shed What's Left Of Your Financial Privacy On Blippy

Spotted by this CNN story, social networking site Blippy lets you broadcast your purchases to interested parties, while letting you keep track of others’ buys as well. Think of it as a financial Twitter.

In the interview with CNN, co-founder Philip Kaplan justifies his co-creation as a way to find out if you’re getting the best deals:

Consumers have never had the benefit of just knowing how much everyone else has paid for stuff. When I go down to the local gym in my neighborhood and I say I want a membership and they tell me how much a membership costs, I have no idea what an actual membership costs. I don’t know if I should ask for less, or if they’re giving me a deal. I kind of just want to know what everybody else there is paying. But of course the gym will never tell me that.

What sort of value and drawbacks do you think come with a service like Blippy?

Blippy tells the world what you buy [CNN]
(Thanks, NORMLgirl!)