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Thursday, May 05, 2011

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Niko Donburi

I'd love to read your report on Social Times Pro, but even with your promo discount it is a bit too steep for this virtual wallet...

At any rate, I think that you are right on the mark with your observation that FB Credits will become the de facto virtual currency. Facebook has been working on getting an internal currency exchange for some time, which provides it with a monetary stream that can be tapped and taxed at will.

Once third-party purchases can be run through FB, it will be the demise of PayPal as the market leader. Keep in mind that Zynga (the FB game maker) is the #2 user of Paypal behind Ebay (see http://www.businessweek.com/magazine/content/10_18/b4176047938855.htm). That's a lot of business to lose. Of course, if FB can get Amazon to sign on to the option of using their Facebook Credits....

As far as how this affects SL, I wouldn't be surprised to see some more Lindens jump ship and hop over to FB, particularly if they have experience with dealing with the intricacies and issues of virtual currency--that, thus far, has been limited mostly to SL.

Ryan

Facebook Credits could be the currency of the new world order! I kid.. or maybe I don't..

Let's be honest, it's just Facebook trying to make a ton of extra money. They keep 30% off the top of everything. That's better than any government makes on businesses as far as tax. They are basically running a racket.

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Wagner James Au
Wagner James "Hamlet" Au
Dutchie Evergreen Slideshow 29112021
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