Facebook introduces 'credits' for daily deals

April 28, 2011 3:00:06 PM PDT
Facebook users will be able to use the site's virtual currency to buy products through the new daily deals offering.

Earlier this week, Facebook announced the new deals service which is similar to Groupon. Users can use PayPal, a credit card or Facebook credits to make a purchase. The Facebook credits would be converted into a voucher.

It's the first time Facebook credits will be used for buying items and services in the real world and not for games.