Tech content trusted by users in North America and around the world
6,679 Reviews & Articles | 45,654 News Posts

Amazon unveils new virtual currency "Amazon Coin" for Kindle Fire customers

Amazon Coins is a virtual currency for Kindle Fire customers, real money not good enough
| Mobile Devices, Tablets & Phones News | Posted: Feb 5, 2013 5:39 pm

The virtual currency game has been played many times by many companies trying to seek a new form of payment. In the end, they all seem to fizzle then pop, resulting in a failed product. Amazon is seeking to buck that trend and has created a virtual currency of its own.

 

amazon_unveils_new_virtual_currency_for_kindle_fire_customers_1

 

Dubbed Amazon Coin, the new virtual currency is being billed by Amazon as an "easy way for Kindle Fire customers to spend money on developers' apps in the Amazon Appstore." Amazon will release the new currency in May and give Kindle Fire users "tens of millions of dollars' worth of free Amazon Coins to spend on developers' apps.

 

Unlike other virtual currency services, current Amazon App developers will not need to do anything to begin accepting the coins. Apps in development that have yet gained approval will need to get approved by April 25th to be ready when the new currency launches.

NEWS SOURCES:Mashable.com

Related Tags

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Subscribe to our Newsletter
Or Scroll Down