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.
Online-to-offline loyalty program Plink, which rewards its users with Facebook Credits, reached an agreement with digital gift card company Tango Card that will add several new rewards options for Plink users beginning next month.
While gambling may fall afoul of Facebook’s platform policies, applications promoting gambling on sporting events for virtual currency are apparently acceptable to the social network., with soccer gambling app 90Live launching earlier this week, followed closely by BettingSTAR, which adds Major League Baseball and the National Basketball Association to its offerings, along with European soccer.
Cie Games, developer of Facebook auto-racing game Car Town, has been able to swerve around the debris left on the track by game developers struggling with the social network, such as CrowdStar, LOLApps, and Digital Chocolate, driving its flagship game to continued success and some 5.9 million monthly average users. The key, according to Founder Justin Choi: Better execution.
If 3-D flesh-eating fish were the one thing missing from your Facebook experience, Milyoni has got you covered, as the social entertainment provider teamed up with Starz Digital Media to present Piranha 3DD, the first-ever 3-D film on the social network.
A group of angel investors plunked $633,000 into Plink, a Facebook Credits-based loyalty program for national restaurant chains.
Facebook launched a widget for developers to entice first-time buyers during the middle of game play.
Facebook is relying on some good, old-fashioned incentives to boost sales of Facebook Credits in Europe.
Folks who’ve never paid for Facebook games or elements within them get $4 worth of Credits or other in-game currency free after buying the first $1.
Facebook Credits haven’t worked out as well as many third-party developers hoped, panelists are saying at the Inside Social Apps 2012 conference in San Francisco.