Amazon introduced virtual currency Coins

coins

Amazon has marked the beginning of the use of their virtual money called Amazon Coins, dividing 500 "coins" worth $5 in the real world to owners of Kindle Fire. Mike George, VP of apps and games at Amazon said „Today we are giving Kindle Fire owners $5 worth of Coins to spend on new apps and games, or to purchase in-app items, such as recipes in iCookbook, song collections in SongPop or mighty falcon bundles in Angry Birds Star Wars. And with discounts of up to 10% when you buy Coins, this is a great way for customers to save money when they buy apps, games and in-app items“

Users can now use Amazon coin to purchase applications, games, and various additions on Amazon's AppStore and Kindle Fire. If you want to buy Amazon Coins you will have to pay $1 for a 100 virtual Coins, but if the customer buys 5,000 or 10,000 Amazon virtual Coins at once he gets a 10% discount, and pays them 45 or 90 dollars.

Amazon Coins was announced in February this year, and the service is currently only available in the U.S.. Over time Amazon plans to add new ways of acquiring and spending virtual coins, as they announced.

[Ed - Will these be called AmCoins?]

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