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by bryanh 5623 days ago
At a 30% cut, I find that hard to believe.
1 comments

Good point, but keep in mind they have 500M+ users. Almost everyone willing to buy into virtual currency is already on Facebook
What does having a Facebook account have to do with being willing to use a virtual currency? I'm willing to use virtual currency and have a Facebook account, but I'll never use Facebook's credit system. I don't want Facebook to know what I'm buying.
Why not? People already trust FB with all their intimate details and relationships. I don't trust them either, but I'm pretty sure plenty of other people would.

Of 500M+ users even if a tiny fraction adopted it, it would become a huge deal. I don't know what the stats are for virtual currency adoption rates, but even the most widely adopted currency probably wouldn't match what the entire Facebook ecosystem would bring in

How many users do Mastercard or Visa have?
Heck, how are people even going to be paying for Facebook credits in the first place?

Why bother with the middleman, right?