Isn't the Secret Service going to have a problem with this? I thought making your own currency was a huge no-no, and if it gets too popular they are going to have a hell of a time passing it off as something else to the government.
Its not going to be an issue, I think. I mean, Microsoft is already doing something very similar with Microsoft Points on XBox Live.
EDIT: Actually, all the major game consoles use "credits" rather than actual dollars for their online transactions. If they can do it for their platforms, Facebook can do something similar for its own platform.
I was to be under the impression that it is not illegal to create your own currency. I believe the secret service protect "dollars" and issues related to that such as counterfeiting. If you have a link that says otherwise, i'm very much interested!
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Isn't the Secret Service going to have a problem with this? I thought making your own currency was a huge no-no, and if it gets too popular they are going to have a hell of a time passing it off as something else to the government.
"You may not accept Credits as payment for a currency or other stored value item that can be used outside of the application."
"You will not (and you will not enable or allow any third party to) sell Credits to, or trade or otherwise exchange Credits with, any third party."
In short, Facebook Credits cannot be a commodity / currency. They're closer to gift cards, storing value only.
[0] http://developers.facebook.com/policy/credits
Its not going to be an issue, I think. I mean, Microsoft is already doing something very similar with Microsoft Points on XBox Live.
EDIT: Actually, all the major game consoles use "credits" rather than actual dollars for their online transactions. If they can do it for their platforms, Facebook can do something similar for its own platform.
It's not much different than eBay requiring PayPal.
I was to be under the impression that it is not illegal to create your own currency. I believe the secret service protect "dollars" and issues related to that such as counterfeiting. If you have a link that says otherwise, i'm very much interested!