Facebook is changing its virtual “Credits” feature to allow users to make payments in local currencies around the world, very possibly a step towards developing Facebook as a payments platform on its own. When the service rolls out in about a month, Facebook users can enter credit card details and purchase gaming credits, for example, with real money instead of using virtual Facebook Credits. Facebook has also enabled monthly subscriptions, dropping its restriction to individual payments as it had until this announcement. Facebook requires all apps to switch to local currencies by the end of the year.
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.