Facebook Credits Are Dead, Long Live Virtual Currencies
Posted by Terra Nova [HTML][XML][PERM][FULL] on 20 June 2012, 11:23 am
Edward CastronovaYesterday, Facebook killed its virtual currency. (Thanks Travis Ross for the heads up.) However, the payment systems behind the FB Credit remain in place, including the outrageous 30% redemption tax, which provided FB with 18 percent of its revenue last year. The difference seems to be one of branding. An FB app can have its own virtual currency and give users a link where they can pay cash to FB (in local currencies - Yen, Euros, whatever Greece decides on, etc.) in return for the virtual coin. The coin then flows through the app back to the devs. The devs...


· Older Entries >>

Show: [ALL] [NEWS] [BLOGS] [PODCASTS]

Updated Today:
A Green Mushroom [HTML] [XML] [FULL]
Bethesda Blog [HTML] [XML] [FULL]
Bioware TOR Dev Blog [HTML] [XML] [FULL]
DDOcast [HTML] [XML] [FULL]
Gamers with Jobs [HTML] [XML] [FULL]
Lineage II [HTML] [XML] [FULL]
mmocam! [HTML] [XML] [FULL]
Reign of Gaming [HTML] [XML] [FULL]
The Instance [HTML] [XML] [FULL]
Tobold [HTML] [XML] [FULL]
Updated this Week:
GWJ Conference Call [HTML] [XML] [FULL]
Heartless Gamer [HTML] [XML] [FULL]
MmoQuests.com [HTML] [XML] [FULL]
Terra Nova [HTML] [XML] [FULL]
Write the Game [HTML] [XML] [FULL]
Zen of Design [HTML] [XML] [FULL]
Updated this Month:
MikeJL Blog [HTML] [XML] [FULL]
Anyway Games [HTML] [XML] [FULL]
Lost Garden [HTML] [XML] [FULL]
MMORPG.COM News [HTML] [XML] [FULL]
No Prisoners, No Mercy [HTML] [XML] [FULL]
Ogrebear's Thoughts [HTML] [XML] [FULL]
The Grouchy Gamer [HTML] [XML] [FULL]
The Old Republic News from Bioware [HTML] [XML] [FULL]
The Ramblings of JoBildo [HTML] [XML] [FULL]
Wolfshead Online [HTML] [XML] [FULL]