Clarification of ‘Facebook Credits’
Facebook credits were a virtual which could be toughened to buy goods in online games through the social networking platform, Facebook. Facebook imputes can be purchased online using a credit card, PayPal account, agile phone or other various payment methods, or offline at various retailers. The credits can be tempered to to purchase games or software applications, also referred to as apps.
Intervening DOWN ‘Facebook Credits’
Facebook credits can be used to buy intangible goods such as accepted gifts, parcels of virtual real estate, virtual weapons, dresses and animals in platform-based video games. The platform’s beta stage close in February 2011, at which point Facebook announced that it was lacking all Facebook game developers to process transactions exclusively with Facebook commendations. By mid-2011 this virtual money was backed by the government-issued currencies of 15 unique countries. However, Facebook announced in 2012 that it was shutting down Facebook trusts and converting any funds accrued by users to their local fiat currencies.