How does facebook credits work

Market Watch. ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different.

Let's reshape it today. Corning Gorilla Glass TougherTogether. For more information on the categories of personal information we collect and the purposes we use them for, please view our Notice at Collection.

Become a Member Sign In. General Newsletters Got a news tip? Free: Join the VentureBeat Community for access to 3 premium posts and unlimited videos per month. Learn More. Sign up with your business e-mail to continue with ticket purchase. The Libra project has also undergone scrutiny by regulators and policymakers as well as pushback from the larger cryptocurrency community who claim that it is not as secure or technology sound as the company makes it out to be.

Facebook for Developers. Top Stocks. Company Profiles. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification.

I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. What Were Facebook Credits? Key Takeaways Facebook credits were phased out by the company in and completely suspended by Facebook credits were a relatively short-lived proprietary payments scheme used on Facebook's platform to pay for virtual or in-game items or services.

The company launched the Credits beta in and shutdown the project by In , Facebook announced a more ambitious blockchain-based platform-specific currency called Libra, which is set to roll out in Article Sources.

Investopedia requires writers to use primary sources to support their work.