New Amazon Coin and Bitcoins Getting Over the Planet?

If Amazon.com were a country, its revenue would make it about the 80th biggest GDP in the world, and now it has its own currency. Lately, owners of a Kindle Fire obtained a free deposit of 500 Amazon Coins to receive their double citizenship kick began.

Will folks ditch the US dollar in favor of the lawful tender of the United States of Amazon? No; the roster from Amazon Coins is so for”thousands of Kindle Fire apps, games and in-app items at Amazon.com or in your Kindle Fire” – not books or movies. And while bought coins never expire, promotional coins obtained for free or as part of another offer just last for a year. Meanwhile, the typical lifespan of a digital device these days is shorter than Napoleon ducking under a pygmy goat. For today anyway, in case you ditch the Fire to get an iPad, Amazon has to keep your coins from its own jar.

Contrary to Bitcoin, the preferred method of anonymous trades for drug deals and rare earth magnets frowned upon from the Consumer Product Safety Commission, there’s no open exchange market for Amazon Coins. Even Second Life Linden Dollars may be exchanged for Bitcoins, and then traded back into money on one of several Bitcoin exchanges.

At up to a 10% reduction, it’s like avoiding the Internet sales tax that could possibly be implemented in the future if Congress has its way. Compare this with Microsoft who also uses a platform on the Xbox Marketplace, but gives only 80 points each dollar. If you’re Microsoft, you sell or give things to purchase apps and games, plus increase customer wallet-share of different goods such as Skype calling on which the points may be spent.

It Is All About the App

Google and Apple and Microsoft all have their own program supply systems, and Amazon has their hardware platform Kindle so why don’t you? Amazon wants to enlarge its share of the tablet market while forcing e-books, games product, but requires more programs developed, so just like Microsoft’s Xbox Marketplace platform program, Amazon Coins serve to incent developers to offer Fire versions and share the earnings, soften the sticker shock of purchases, and get users hooked into other offerings like the rumored Amazon set-top box.


Not only does it conceal the real price of any content or items being sold, but it neglects to guard the balance on the accounts if an unauthorized user gets hold of any portable device with 1-click enabled”.

1-click, by the way, is the only way to purchase Amazon Coins. There’s no add-to-cart-and-think-about-it choice, and the coins are nonrefundable. As far as hiding BTC exchanger in Nigeria , it is true. 10,000 points is easier to spend than $90.00US, as it is not real money, right? In that circumstance, I’d love to share my Amazon Wish List on you, because I have a birthday coming up, and it is just points after all.

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