Facebook has announced last Friday that offers as previously related to FB Credits can now be directly used for any game virtual currency.

In the past, users and developers were forced to use facebook credits for their virtual currency and offer wall. Since Friday, Developers and users can now use their Apps own virtual currency with no dependency on FaceBook credits.

See illustrating image:

Facebook has announced the addition of several international payment methods to its credit.

The full list of payment methods in each country can be found here:

https://www.facebook.com/help/?faq=203680236341574

Facebook also fixed a pay flow bug and added the following restriction to its terms and conditions:

“2.14 You may not accept Credits in one application and deliver or transfer the purchase to the user in another app without our prior authorization. For example, an app solely designed to facilitate transactions is not permitted.”

Literally, this shuts the door for any of you smart folks out there that wanted to trade real money for facebook credits. You can’t move credits from one application to another, and you can’t have an app that does Exchange. I wonder if Zynga abides by the same rules???

This is a weird post…

Paypal, facebook’s partner has uploaded an app where you can send money to your firends:

https://apps.facebook.com/paypal_sendmoney/

free money

The reason this is weird is because of the obvious question: Why doesn’t facebook do money transfers on its own using facebook credits???

Yes FB Credits are used to buy virtual goods – we know that! But why isn’t facebook going after the physical world? Mark Zuckerberg are you scared?

They whole idea of facebook is to emulate social interaction – last time I checked there is physical goods commerce in social interaction. It is only natural evolution. But hey, if you want to give that to your Paypal partner… go ahead.

Facebook credits are being tested on The GameHouse Website. Members of that website will be able to buy virtual coins through Facebook credits. In the past, members of GameHouse, were only able to use Credit Cards and Paypal accounts. Now, if they logon through facebook they will be able to use their facebook credits to buy virtual gifts.

This week we’ve seen two great developments with credits: Credits for Mobile and Credits for Websites. The World’s Virtual Currency “FBC” is gaining ground!!!

Web Based applications can now use facebook credits !!!

Web Applications that use HTML5 – the new Mobile language can use Credits as their exclusive payment processor.

Now we shall see credits on mobile stuff… almost there…

The Michael Jackson Live Streaming “Forever Tribute Concert” Will be available through Facebook credits in the world’s first Pay-Per-View Event.

The Concert will take place October 8th at 10:00 AM PST or 13:00 PM EST.

You can buy tickets to this historic events at 50 facebook credits. The event will be hosted by Jamie Foxx. Artists like: Beyoncé, Christina Aguilera, The Black Eyed Peas, and Smokey Robinson will also be there!

It is with Milyoni’s Social Live technology that this event will be made possible. This is the same technology Universal pictures partnered with in order to allow renting movies in facebook.

Enjoy the Show!

According to eMarketer: The forecasted revenue from facebook credits has tripled since last year.

In 2009 they made $39 Million Dollars

In 2010 they made $140 Million Dollars

In 2011 they should make $470 Million Dollars!!!

Credits make up for 12% of facebook revenues.

Miramax has joined Warner Bros and others making movie rentals streaming available for facebook users. Now you can use your facebook credits to watch movies with Miramax.

There are 250 Million users using facebook on mobile devices – getting facebook credits there is only a natural evolution of the product.

There is a project called “Project Spartan” which will be built on the HTML5 Platform that will enable it to run on iPhones and IPads. HTML5 is considered to be the coding language of the future, since it can be used on mobile devices as well.

This is all technical Chinese, the first mission of this vision is to buy virtual stuff on mobiles using facebook credits. Later on, I think it will also consolidate with facebook deals and places and allow buying physical goods.

After the Warner Bros started renting out movies in March this year, their UK counterpart: the BBC has started to rent out episodes of “Dr. Who” for facebook credits.

BBC Worldwide CEO John Smith says the move was triggered by demand from its Facebook fans!

So guys and gals – it looks like the facebook world is going to take over video renting as well… with FBC of course!