Facebook Imposes 30% Tax on Credits
Mar 7th, 2010 by admin
Facebook is getting serious with their efforts to create a global web currency. With the start of their closed beta phase, Facebook will burden their Facebook credits with a 30% fee. Essentially that means that in the future, whoever participates in the Facebook driven economy will need to pay a sort of sales tax for each transaction.
Picture of Web Currencies: Facebook Imposes 30% Tax on Credits [source:excitingcommerce.com]
It is still speculation, but the indication is that Facebook is trying to establish a transnational web currency which could someday become the currency standard for the Web.
Although in the official announcement it seems all quite virtual, clearly Facebook wants to earn real money and has last summer executed some tests with purchases of real physical goods.
If Facebook makes headway, significant resistance against a parallel world currency could be expected.
Since 2007 Facebook has extended its American investor circle increasingly with investors from China and Russia, thereby ensuring that the most important global economies are represented.
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.[source:excitingcommerce.com]
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