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What does this mean for systems like Facebook Credits?

• technotony 16y ago
  Nothing. Facebook credits are not a money transfer system, it's whats known as a 'closed loop' system. If they opened it up so that anyone can take a payment with a facebook credit and receive dollars then they would start to fall under the money transfer arrangements and would require these restrictions. I don't think $500k is much of a barrier to them getting into this business however...
  • _delirium 16y ago
    Can't anyone build a Facebook app that takes payment in Facebook credits, and then cash out that payment into dollars?
    • deleted 16y ago
      [deleted]