Amazon

AmazonCome 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.

Read the full story at CNET.

About Shelly Palmer

Named one of LinkedIn’s Top 10 Voices in Technology, Shelly Palmer is CEO of The Palmer Group, a strategic advisory, technology solutions and business development practice focused at the nexus of media and marketing with a special emphasis on augmented intelligence and data-driven decision-making. He is Fox 5 New York's on-air tech and digital media expert, writes a weekly column for AdAge, and is a regular commentator on CNBC and CNN. Follow @shellypalmer or visit shellypalmer.com or subscribe to our daily email http://ow.ly/WsHcb

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"Amazon Introduces ‘Coins,’ a Virtual Money System" by @ShellyPalmer

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