6 February 2013

Blog post: Amazon Coins proves that virtual currencies (real threat or not) are here to stay

Amazon’s announced today that it will launch Amazon Coins in May 2013. Clients will be able to purchase apps on Kindle Fire with Amazon’s proprietary virtual currency. Amazon Coins, which are planned to be launched in May, will be pegged to the US dollar and can be bought using existing Amazon accounts.It’s a move that breathes new life into virtual currencies. At last, as some may say who believe that an alternative money system will make commercial transactions easier and smoother.

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