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Facebook abandons Credits, allows app developers to charge monthly fees

Facebook recently made some significant changes to the way it approaches in-app payments, as it has killed off Facebook Credits and has enabled apps to charge recurring monthly fees. Facebook first introduced Facebook Credits in early 2011 as a universal currency across all of its apps and games. According to the company, many apps have instead implemented their own forms of virtual currency, so it has chosen to abandon Credits in favor of supporting local …