Amazon books its own currency

Amazon books its own currency

Amazon is launching its own currency later this month. Amazon Coins will only be exchangeable for Kindle applications and games and will only initially be available to US customers. The virtual coins will be valued at one US cent each, so a $2.99 purchase will cost 299 Coins. Amazon will prime the market by giving customers millions of free coins. Amazon said: "When Amazon Coins launches in May, we will give out tens of millions of dollars in Amazon Coins...". Application developers have already been asked to get their software in for review but no other integration is required. Developers....


Related News

Cointagion unveils 'no-touch' e-commerce for bitcoins

New e-commerce site Cointagion is offering e-books for bitcoins -- and lets users buy books without even touching their computers. Selling books for bitcoins isn't particularly significant. Online merchants who accept the digital currency -- and there are more of them every day -- already offer everything from consumer electronics to porn to coffee and cupcakes. But where Cointagion is innovating is in the payment mechanism. While Amazon offers a one-click checkout process for buying books on its site, which makes Kindle purchases easy, what Cointagion offers is a "no-touch" solution.....

Amazon Is Getting Serious About Accepting Bitcoin For Payment

Amazon has begun its search to hire a Digital Currency and Blockchain Product Lead, to enable modern and inexpensive payments to Amazon.

SpectroCoin helps to spend Bitcoin on Amazon

London, January 26, 2016. UK Bitcoin service provider SpectroCoin.com this month launched a new feature on its platform to allow clients to purchase Amazon vouchers with Bitcoin. Vouchers for Amazon.com, Amazon.co.uk, Amazon.de, Amazon.it, Amazon.fr and Amazon.es are available. “After the introduction of Amazon.co.uk vouchers back in November 2015 we have seen a significant interest from our clients in other countries to be able to purchase vouchers from different Amazon shops, therefore, we added up another 5 Amazon stores to serve European and US customers” says SpectroCoin.com....

Amazon Exec Says Company Decided Against Accepting Bitcoin

Amazon is not interested in embracing bitcoin, but it is looking into new digital payment services, possibly a service developed in-house, a new report suggests. The company's payments head Tom Taylor told Re/code that Amazon did indeed consider bitcoin, but eventually decided that there was not enough interest in the technology for Amazon to benefit from adopting it. Said Taylor: "Obviously, it gets a lot of press and we have considered it, but we're not hearing from customers that it's right for them, and don't have any plans within Amazon to engage bitcoin." Amazon's revenue in 2013 was....

Amazon Wallet: A Threat to Bitcoin?

This is what Amazon Wallet looks like. Amazon isn't new to the digital payments industry. The online retailer launched Amazon Payments back in 2007, a service that directly competes with the likes of PayPal and Google Wallet. Then in December 2013, Amazon purchased GoPago, a mobile payments platform. Now, continuing the company's push into the digital payments sector, Amazon has launched Amazon Wallet. What Amazon Wallet Does, Or Rather, Doesn't Do. Amazon Wallet is...surprisingly basic. Designed for use at the point-of-sale, Amazon Wallet is essentially an Android app that stores gift....