Analyst predicts final chapter for Amazon Coins
A new report has predicted the demise of Amazon Coins, arguing that the initiative goes against industry trends and could incur a user backlash. 'Alternative Currencies: Is There Staying Power?' is a report from Mercator Advisory Group, which specializes in reports to the payment industry. It charts recent developments in four areas: cryptocurrencies, community currencies started regionally, in-game currencies, and loyalty points tied to payment cards. Jeffrey Green, director of the emerging technologies advisory service at Mercator, and author of the report, argues that Amazon bucked the....
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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....
A crypto analyst has predicted that cryptocurrency payments company, Ripple could be the next high-valuation company, similar to Amazon and Facebook. This prediction comes as XRP witnesses poor performance amidst market volatility and Ripple’s ongoing court battle with the United States Securities and Exchange Commission (SEC). Analyst Predicts Ripple Emerging As Billion-Dollar Start-Up The host […]
Amazon has thrown a handful of its online coins at its US customers. The bookseller has handed 500 "Amazon Coins" to each of its Kindle Fire customers. 500 coins are worth $5 and can be used to buy apps and games and also virtual items within games used on the ereader. To further tempt Kindle punters Amazon is offering ten per cent discounts on future coin purchases. Although US only for now we would expect the system to be offered elsewhere in the world soon. The Coins, for now at least, appear more like a loyalty card system than a fully-fledged currency. We assume Amazon hopes to boost....
Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, with a potential drop to as low as $0.07, contingent on certain technical events. Why The XRP Price Could Crash To $0.07 Elliott Wave Theory, which forms the basis of @Ripple_Effect11’s analysis, is a form of technical analysis that predicts future price....
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....