No surprise that Facebook developed Credits
using a team of former PayPal folks that shows a clear path to allow
micropayments on Facebook and compete directly with PayPal. The New York Times recently reported that "Facebook
began testing its virtual currency, called Credits, more than a year...
As 2010 comes to an end Facebook now
reports about $2B in revenue which is amazing for a number of
reasons, not the least of which is that Facebook estimated revenue of closer to
$1.5B (which was double the 2009 revenue) and not all that long ago Facebook
was criticized for not being about to monetize...