Amazon has announced a new virtual currency of its own, called 'Amazon Coins.' The service will launch in May and will be available only to U.S. customers.

What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

A number of virtual currency systems are already in use around the globe. Amazon has joined that league by announcing its own virtual currency called ‘Amazon Coins.’ At the time of its launch, Amazon Coins will be available only to the U.S. customers and could be used by Kindle Fire users to pay for apps and in-app purchases.


Amazon coins

The e-retail giant seems rather serious about Amazon Coins and has promised that once the service launches in May, it will be handing out tens of millions of dollars worth of Amazon Coins free to the customers. It remains to be seen what kind of incentive the new payment system holds for the developers.

It is possible that customers may be less reluctant in spending their Amazon Coins and that, in turn, may lead to more in-app purchases. Nonetheless, the developers will still get a 70% cut of the total app revenues, regardless of whether the users pay in Amazon Coins or through their credit cards.

Commenting on the new offering, Amazon’s Vice President of Apps and Games, Paul Ryder said, “Developers continue to report higher conversion rates on Amazon compared to other platforms. Now we have another new way to help developers reach even more of our millions of customers. Amazon Coins gives customers an easy way to spend money on developers’ apps on Kindle Fire in the Amazon Appstore—and we’re giving customers tens of millions of dollars in Amazon Coins to get started. Developers who aren’t yet in the Amazon Appstore will want to make sure their apps have been submitted and approved by April 25 so they’re ready for customers to start spending their Amazon Coins.”

Such developers who already have their apps on Amazon’s Appstore need not bother since their apps will be eligible for Amazon Coins by default. Once the service is launched in May, we shall see how it fares with the users.

Source: Amazon

Courtesy: TechCrunch

Buy Cheapest Related Product From Amazon.com


Android 4.2.2 May Launch During This Month Or Next

Google Drive Now Lets Developers Host HTML Websites
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On February 6, 2013(1 year, 10 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Many users are already complaining and searching for the tips of how to capture the screenshot on LG G3. The tutorial will help to do that.
The tutorial will help how you can minimize the mobile data on your android device (Here we used LG G3 S for the tutorial)
The tutorial will help you to turn on battery Saver for LG G3 or G3 S both manually and automatically.
This tutorial is about how you can set up various auto reply messages on LG G3 S tp know the caller why you could not answer the call.
This tutorial is about disabling automatic shortcut creation of new installed app on android devices.
This tutorial is about showing you how to turn off location in Facebook of your Android devices.
My tutorial is for those who wants to delete those history partially or fully or to disable those if they want.
This tutorial will show you how to stop those videos in your Android mobile not to play automatically.
This tutorial will help you to Disable Auto-Update Of Android Apps in your Android Device. The steps are quite easy to execute.
This tutorial will help you to clear search history from your Google Play Store in your Android Device. The steps are quite easy to execute.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook