Do you hate Microsoft Points? … That’s what I thought. It’s a good thing then that they may soon be out. Inside Mobile Apps is reporting that a source close to Microsoft told them that the company may soon be …

Facebook is all about friends, so it stands to reason that friends be the main facilitators of marketing through the social network. This is a sentiment driven home by Facebook’s new Sponsored Stories, as well as another new product they’re testing called "Buy With Friends". 

Offerpal Media, a company that provides virtual currency monetization for developers of social media gaming apps, has launched a new destination for consumers to earn, buy, manage, and redeem virtual currencies, called GamePoints.com. "Virtual currency is a huge market — $1.6 billion in the U.S. alone, and over $7 billion worldwide," a representative for Offerpal tells WebProNews. "Yet, until now there has been no way for online gamers to acquire and manage all their virtual currencies in one central location."
 

Facebook’s version of a virtual currency system is finally getting off the ground.  Facebook Credits can now be used in conjunction with third-party applications, and not just the official Gift Shop.

Facebook will reportedly begin testing a payments system in the coming weeks. This will start with a few developers, exploring ways for users to use Facebook credits with third-party apps on Facebook.