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Amazon's virtual currency now works on Android phones and tablets
Since launching Amazon Coins in May 2013, the virtual currency was locked to Amazon's Kindle Fire tablet. Today, the shackles of exclusivity are being torn asunder, replaced by the inclusivity of the Android platform. Americans, Brits and Germans all now have access to their Amazon Coins through the Amazon Appstore via the latest software update. Beyond just being beneficial to consumers who prefer using virtual currencies for online purchases, Amazon Coins offers yet another method for phone and tablet application developers to receive payment (70 percent of the payment goes directly to developers). Of course, ultimately, this benefits Amazon the most, as the company skims the other 30 percent off payments for itself. Something's gotta pay for The Washington Post, right?
Amazon Coins available for Kindle Fire, users enjoy $5 credit to get started
Forget Bitcoin: Amazon's got a digital currency of its own, known as Coins, coming to the Kindle Fire right on schedule. The virtual money, which was originally announced back in February, is now ready to go for anyone who frequents the Amazon Appstore or uses a Kindle Fire to purchase apps and games. Bezos & Co. is willing to throw in a bit of an investment to get you started, as the online retailer will hook up existing and new users with 500 free coins -- a value of $5. Need more than that? Head to the More Coverage link below to grab as many coins as fits your fancy. A 10 percent discount awaits those who purchase in bulk, which adds a tad more incentive to go all-in on the new service.
Amazon announces Coins, a virtual currency coming to the Kindle Fire in May
Jeff Bezos, whose fortune is probably built upon real money, has decided to invent a fake one for his customers. Amazon is launching a virtual currency, called Amazon Coins, which is designed to encourage Kindle Fire users to buy apps, games and in-app item purchases. When it launches in May, Amazon plans to give away tens of millions of dollars worth of free coins to consumers, just to get 'em hooked -- before pulling the old switcheroo and demanding users stump up their hard-earned in order to be able to buy things from Farmville.
