Facebook pulls the plug on Credits as transition to local currency payments is completed

Facebook pulls the plug on Credits as transition to local currency payments is completed

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Facebook has officially pulled the plug on its virtual currency Facebook Credits, after announcing the shutdown when it unveiled its local currency payments API back in June.

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When Facebook Credits launched in January 2011, many game developers used it as a secondary form of currency on top of an in-game currency (until Facebook made Credits mandatory in July 2011). The introduction of local currency payments was meant to give developers more flexibility to price across a range of currencies, making it simpler for users to understand the relevant prices and helping to smooth out uncertainties in exchange rates.

➀ Facebook Sunsets Credits, Transitions To Local Payments To Boost International Payments [TechCrunch]

Headline image via KAREN BLEIER/AFP/Getty Images

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