Amazon launches its virtual currency, with $5 worth free to every Kindle Fire user

3 Comments

Amazon (s AMZN) rolled out Amazon Coins, its own virtual currency, on Monday. Amazon Coins can be used to purchase “apps, games and in-app items in the Amazon Appstore and on Kindle Fire,” and each U.S. Kindle Fire user gets $5 worth (or 500 coins) free.

“We will continue to add more ways to earn and spend Coins on a wider range of content and activities,” Mike George, Amazon’s VP of apps and games, said in a statement. “Today is Day One for Coins.”

Users can buy 100 coins for $1, with discounts up to 10 percent for larger purchases. Developers get their standard 70 percent revenue share for purchases made with Amazon Coins.

3 Comments

Chris van Loben Sels

What’s so weird is that I’m totally satisfied with getting my money from U.S. Dollars. The Fed has done a pretty nice job with the dollar in some of the most difficult circumstances. In my lifetime (and looking back a couple of generations), I have never seen wide speculative swings in my currency and have never had trouble finding people who accept it.

Why, exactly, is everyone rushing to solve a problem I don’t think I have?

–Chris.
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Bob Archer

Looks similar to Microsoft Points that everyone hated so much. I assume this was done to support micro payments without having to pay a credit card purchaser it you want to buy in game stuff.

tom

can amazon coins be freely converted to $’s?

are developers paid in amazon coins or real money?

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