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'Til All Are One: Facebook Has Its Own Currency

by Joe Juba on Jan 25, 2011 at 06:49 AM

If you spend real money for fake in-game money on Facebook, you're about to get turned into a sucker in a brand new way. Facebook has announced that it will be implementing mandatory Facebook Credits as the primary currency for its games.

Starting on July 1, you can exchange your money for Facebook Credits, which can in turn be spent on individual games' currencies, like FarmVille's FarmBucks. As is works now, you buy currency for each game individually.

Unifying the system gives Facebook more control, and since developers like Zynga are currently taking your money directly, this decision could turn ugly. However, Facebook has been rallying support for the system from the biggest developers on its network. With the major players on board, resistance to the change is less likely.

Instead of paying Facebook for imaginary money, you could also spend that cash on real games. Just food for thought.

(Source: TechCrunch)