Printed from http://www.electronista.com

Amazon launches Coins virtual currency in US for Appstore purchases

updated 11:37 am EDT, Mon May 13, 2013

Kindle Fire, Kindle Fire HD owners receive 500-coin gift

Amazon has launched its virtual currency in the United States, and has provided Kindle Fire owners with an initial credit on their accounts. The 500 Amazon Coins, valued at $5, can be used to buy apps from the Amazon Appstore as well as in-app items, along with an incentive to continue buying packs of the virtual currency instead of usual cash transactions.

Buyers of Amazon Coin packs can earn a discount based on how much they want to buy, with the discounted amount rising to 10 percent for a $100 purchase. Developers offering apps through the store will receive the standard 70-percent revenue share, regardless of whether or not their app currently offers Coin-specific purchases.

Though the idea of virtual currencies have been bothersome for some customers compared to using the local currency for transactions, there are still some advantages to the scheme. Parents could theoretically charge up an Amazon account with Coins for children to use, potentially avoiding the expensive in-app purchasing issues, while Amazon will benefit by saving on payment processing fees.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented