More Rumors Circulating About Facebook Platform Payments System
Update: Facebook has confirmed that it will be starting an alpha test to let users spend Facebook credits in Facebook applications in the next few weeks. More details here.
As the Facebook payments and virtual currency monetization space continues to grow, entrepreneurs are becoming increasingly interested in what role Facebook will play in transactions on the Facebook Platform. Will Facebook launch a payments system for developers? If so, how will it work, and what kind of payment options will it offer? Will Facebook allow developers to plug into its virtual currency system to enable microtransactions through a universal Facebook credits currency?
Such questions have big implications for developers of apps and games that are monetizing through user micropayments inside Facebook.
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