Amazon launches its own virtual currencySubmitted by goldenequity on Tue, 05/14/2013 - 09:15
Amazon has launched its own currency called Amazon Coins.
It's currently only available in the States for Kindle Fire owners, but the Coins can be used to pay for games, apps and in-app purchases from the Amazon Appstore.
One Amazon Coin is worth one US penny, and Kindle Fire owners are getting 500 Coins ($5) for free as part of the launch.
One Amazon Coin is worth one US penny
Coins can be bought in batches of 1000 and Kindle Users have been given 500 Coins for free
Amazon Coins can be bought in batches of 1000, 2500, 5000 and 10,000.
The more you buy, the bigger the discount and 10,000 Coins costs $90, for example.
Customers will also get a 10% discount on items bought using Amazon Coins.
I'm not implying this is a 'competing currency'... it's still 'fiat' as far as that goes...
they are world wide...
they could be bartered for, stored, exchanged for goods...
The 'phenom' of alternate 'money' is catching on.... and that can only help to wage the people's war against debasement by their own governments.