Feeds

How will sir pay? Facebook credits, that'll do nicely

Internal only, for now

Security for virtualized datacentres

Facebook has launched an internal payment system using virtual currency to get its members to pay for various virtual things on the site.

Facebook Credits are 10 for a dollar and can be exchanged for various virtual gifts which you can send to your virtual mates. Credit can be topped up using American Express, Mastercard and Visa.

It might seem like madness to get people to pay real money for virtual objects, but it is how many of the original social networks succeeded.

The Reg visited social networking site Cyworld in South Korea back in 2006, which was then bringing in 80 per cent of its revenue from charging for stuff like wallpaper and background music for its users "minihompy", or mini-homepage.

At the time the site was used by 92 per cent of South Koreans 20-somethings and had over 22bn page impressions a month. It brought in ten per cent of revenues, which were £115,000 a day, from mobile services.

Facebook has a Q&A here. ®

Internet Security Threat Report 2014

More from The Register

next story
ONE MILLION people already running Windows 10
A third of them are doing it in VMs, but early feedback focuses on frippery
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Torvalds CONFESSES: 'I'm pretty good at alienating devs'
Admits to 'a metric ****load' of mistakes during work with Linux collaborators
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Do Moan! MONSTER 6-day EMAIL OUTAGE hits Domain Monster
Customers freaked out by frightful service
Ploppr: The #VultureTRENDING App of the Now
This organic crowd sourced viro- social fertiliser just got REAL
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.