Facebook is projected to do over
a billion dollars in revenue this year, more than some small
countries, and its 400 million strong userbase is larger than the
population of most big ones. So why shouldn’t the social network have
its own private currency? In the future, we may pay for some goods not
with dollars, yen or euros, but with Facebook Credits.
Credits wasn’t the biggest news last week for Facebook, which announced an aggressive initiative to make itself the consumer web’s connective tissue that CEO Mark Zuckerberg called “the most transformative thing we have ever done.”
Creating a new virtual economy is a pretty big deal too, but Credits, which allow people to buy units of a virtual currency that can then be spent on various applications across Facebook, remained in the background. That’s because the program is still in private beta — independent payment companies control most of the $1 billion virtual goods market.
To read the full, original article click on this link: Facebook Credits: The World's First Major Virtual Currency? | BNET Technology Blog | BNET
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