TweakTown
Tech content trusted by users in North America and around the world
5,673 Reviews & Articles | 36,061 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Amazon giving $5 in Amazon Coins to each Kindle Fire owner

Amazon introduces Coins, a new virtual currency worth $0.01, gives 500 to Kindle Fire owners

| Business, Financial & Legal News | Posted: May 13, 2013 9:28 pm

Good news for all the Kindle Fire owners out there. Amazon has deposited $5 in Amazon Coins in your account. All registered owners have received 500 free coins, each valued at $0.01. These Amazon Coins are a new virtual currency started by Amazon, which was first seen in February.

 

TweakTown image news/3/0/30348_1_amazon_giving_5_in_amazon_coins_to_each_kindle_fire_owner.jpg

 

The money is used much like Microsoft Points or Facebook currency and can be spent on games, apps, and in-app purchases. Amazon is offering bulk-purchase discounts, which will help tempt some people into buying more than they would otherwise. Once you've converted your cash into coins, you're stuck with them.

 

"We will continue to add more ways to earn and spend Coins on a wider range of content and activities-today is Day One for Coins," Mike George, VP of games and apps at Amazon.

 

It's worth noting that other virtual currencies haven't been too successful. Facebook is working on ending Credits and many people dislike Microsoft's use of Points. We'll have to wait and see if Amazon's Coins stay around for the long haul.

NEWS SOURCE
Mashable.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below