Come May, Kindle Fires users will have lots of free virtual coins to spend on their favorite apps. Announced on Tuesday, Amazon Coins is a new type of virtual currency developed by the retail giant. Users will be able to grab the new coins to purchase Kindle Fire games, apps, and in-app items from the Amazon Appstore. To kick off the new currency in May, Amazon said it will offer shoppers tens of millions of dollars of free Amazon Coins to spend on Kindle Fire apps. The company will also let customers buy more coins directly through their Amazon accounts. Amazon sees the currency as a boon for developers, as it will offer users an easy way to spend money on apps and in-app purchases. Developers will also get their standard 70 percent revenue cut.
Amazon Introduces ‘Coins,’ a Virtual Money System
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).