Facebook is adding subscription capability for Facebook applications and ending its use of "Facebook Credits," its virtual currency. Instead, Facebook will switch to payments denominated in local currencies.
Some might argue the move is designed to make it easier for Facebook applications to integrate with other apps for purposes of shopping and commerce. "Real" currency is the coin of the realm for e-commerce, not virtual currencies, generally speaking.
Sunday, June 24, 2012
Facebook is Introducing Subscriptions and Ending "Credits"
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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