From July  app developers can charge subscription fees, in addition to existing one-time payments, for games and other applications on Facebook  site.

This is announced in developer blog of Facebook.This is a new revenue stream for developers as well as for Facebook, which takes a 30 per cent cut from all payments on its site.

Credits currency of Facebook is replaced with Local currency.

Facebook will have more talented application developers – Revenue through Subscriptions for Facebook Applications will be decided by local economy in different regions .This will have both +ve and -ve effects on Facebook in the long run.