New Money: Facebook Introduces “Credits”

Facebook Introduces “Credits” Currency To Increase Income

Facebook will be tapping a new revenue stream by introducing a new payment system where visitors to their site may purchase Facebook “credits.” Said “credits” can be used to buy virtual goods from the third-party applications that run on the site. Facebook will capture a percentage of every transaction. (Developers working on Facebook’s platform are expected to earn more than $500 million this year.)