Amazon Coins virtual currency coming in May
Amazon is launching Amazon Coins, a virtual currency to purchase apps and buy in-app goods on the Kindle Fire. Announced this morning, Amazon says they will be available in May.
According to the Amazon Coins FAQ, an Amazon Coin has a one-to-one relationship to an American penny, so developers will receive the same royalty payments as credit card purchases. Users will be able to purchase everything but subscription-based services.
At May’s launch, Amazon promises to give away “tens of millions of dollars worth of Coins” to customers.
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