Facebook has announced on its developer blog that it has made it possible for people to subscribe to apps.

Facebook will still pocket 30% of all subscription revenues as it does with other app purchases at the moment.

The lowest price a subscription can be priced at is $1.

The company says the new feature will be available from July and will also price apps, such as game or magazine, in local currency.

Prashant Fuloria, writing on Facebook's developer blog says that “Many developers successfully monetise their apps with one-time purchases of virtual items.

"Beginning in July, we are launching subscriptions as another way for you to build your businesses on Facebook.

"With subscriptions, you can establish a recurring revenue stream and offer updated content or premium experiences for a monthly fee."

The company also announced on the blog that items for sale on the site via apps will now be priced in the local currency, which is the company's first major step away from Facebook Credits, the site's currency.

Writing about the blog, Emma Barnett Digital Media Editor at the The Daily Telegraph said the move brings the social network more in line with how Apple and Google trade in their respective app stores.