Facebook Swapping Out Credits, Adding Subscription Billing

Facebook announced Tuesday that the company is doing away with Facebook Credits and transitioning to local currency. The social network also announced that it is accepting subscription billing for apps.

Facebook announced Tuesday that the company is doing away with Facebook Credits and transitioning to local currency. The social network also announced that it is accepting subscription billing for apps.

Simply put, these moves make it easier for Facebook gamers to spend more by cutting out the Facebook Credits middleman. Facebook Product Management Director Prashant Fuloria wrote in a blog post that despite the universal currency offered by Facebook, many apps implemented their own virtual currencies. This eliminated the need for Facebook Credits.

Fuloria

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in