If you are on Facebook, and most people are, you’re familiar with Facebook Credits. You can purchase Facebook Credits with a credit card, or your paypal account to buy things for your virtual games, virtual gifts for your Facebook friends and more. You can also earn Facebook Credits. What you might not know is that Facebook Credits have the potential to blast Facebook profit margins into internet cyberspace. These virtual credits may soon be used in the non-virtual world. This could be a real boon for Facebook and its users.
About Facebook Credits
Did you ever wonder how your neighboring Facebook Farmville players get so much cool stuff for their farms? They are buying them with Facebook Credits. Get a cool virtual gift from a friend on Facebook? Once again, thank Facebook Credits. Ever wish your virtual credits could extend into the real world? Well, be careful what you wish for. It just might come true.
Facebook Credit Future
In the future, Facebook Credits could get you more than a better barn. They could be used on virtually any Facebook application. Plus, through Facebook Connect, users could very easily turn their Facebook Credits into a means of payment on other connected sites. This might include those selling tangible goods. The advantage to consumers would be the ability to use one venue and log in for all types of transactions.
Keep in mind that the U.S. Isn’t the only country capable of using Facebook Credits. In fact, Facebook currently accepts 15 different types of currency to purchase them. From Great Britain to Venezuelo, people all over the world have the capability to use Facebook Credits right now. Imagine what the expansion of Facebook Credits (into the world of tangible goods) will do for foreign exchange.
How Would Facebook Profit?
Facebook is already profiting from Facebook Credits used on game applications. In fact, according to the NY Times, Facebook gets a 30% cut of Facebook Credit sales for Zynga games. Although Facebook is downplaying future venues for Facebook Credit revenue, the possibilities are endless. What will you do with your Facebook Credits?