eCredit Daily reports: Facebook Credits may become the de facto currency of the Internet – judging by the pace the social media giant is growing, with 400 million users and some 500,000 applications, particularly games, in some form of testing.
For now, though, Facebook will be content with the “cross-application currency” providing a lucrative stream of income. It has decided that its cut will be 30 percent of revenue from game and applications developers who integrate Facebook Credits into their programs.
The virtual currency is picking up steam on the second-most visited website in the U.S., based on 133.62 million visitors registered last month. Facebook recently added PayPal as an option for users to convert real money into Facebook Credits for gaming apps and to buy virtual goods from the Facebook Gift Shop.
Facebook users can buy the virtual credits with major credit cards or through purchases on their mobile phones using the mobile-payment company Zong. Facebook advertisers can now use PayPal to pay for ads directly or by way of Facebook Credits.
