It is a simple new app for Facebook users, that allows to display in your wall where your are located at certain moment. It is mostly intended to be used from a cellphone/smartphone, you just need to go to http://touch.facebook.com/ and from there you will be able to set the place where your are and check-in.
If you are using a computer you can also use the application just by going to the same link. It doesn't take long to do it, and it's fun enough to try. It also has some extra features like having a guest list so you can add people to a place where an event will be held, so they can check in and have a map view of the place their are going.
From my stand point the most important usage of this app, is Facebook when it is used for Business purposes, as it can enhance business owner a page that have some other good features that might lead into more sales getting to the know the place is going to be easier than ever. Check this link for some other ways of using this feature for business purposes.
This is a cool feature but it rises some security issues, while in the US is a safe feature to use and other developed countries. Countries like south american countries with social problems like kidnapping will have some issues as many user will be using this feature and it will be easier for terrorists to target their victims.
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