Facebook Launches Credits in India

Facebook announced it would roll out Credits in India on the 1st of July, 2011. The company snuck the service in very secretly and made no announcements on the homepage or on their blog about the launch. Facebooks users in India can now enter their credit card information into the social network to buy its currency. The currency can be used across Facebook games and apps. The purchase will still be in dollars and the day's exchange rate will hold. Each credit costs 10 cents (approx Rs. 4). To access or buy credits, users need to go to the Purchases section of their Account Settings. Your credits balance will also be displayed in the Games Dashboard.

Use credits instead of Farm Cash

Facebook credits is becoming more and more ubiquitous for regular users of the social network. They can use credits not only in games but also for early access to product features, premium promotion on Facebook and premium targeting for ads to developers who integrate credits into their apps. Zynga, Facebook's biggest game developer, has already replaced Farm Cash, their native currency to buy items on Farmville to Facebook credits. Zynga's other games, Mafia Wars and Zynga Poker also utilize Facebook Credits. Electronic Art's social media gaming arm, Playfish, also has replaced their native currency in their games for Facebook Credits. Are you going to invest in Facebook Credits? Let us know in the comments section below.