Amazon Coins for Kindle
Feb 14,2013 0 Comments
To encourage the activity easier to use and expenditures, Amazon announced Wednesday that it would be introducing a virtual currency called Amazon Coins. Kindle Fire users can expect free coins in May, as Amazon gives tens of millions of dollars of coins during the launch of the currency. With these parts, you will be able to buy apps, games and in-app items. Amazon is hoping that these currencies encourage users to try new applications, be satisfied with their purchases and in turn generate more revenue through Kindle Fire.
The Value Of Currencies Amazon
The pieces have a value of 1 U.S. cent. In other words, the purchase worth $1.99 app, you will need 199 pieces Amazon. Sales of coins will be shared in a 70-30 split between Amazon and developers receive 30 percent Amazon and developers are paid 70 percent.
Application developers who already offer goods in Amazon Appstore are all set up and ready to go with new parts. However, new developers who want the opportunity to submit their applications by April 25.
Advantages Of Virtual Rooms
Amazon is hopeful that the coins will prove as profitable as the virtual currency of Facebook. However, Facebook seems more suited to a coin Amazon because of their wide selection of games, which is where most Facebook users spend their time and money. But Amazon is positive that this marketing ploy will be an asset to its developers.
When a company mint their own virtual money, buyers are naturally attracted by the offer. After all, most people are more comfortable with buying virtual coins that true. And similar to the effect of a credit card, consumers tend to spend more if you do not use cash.
While Facebook has had great success with their money, this is not true for all companies who have tried this strategy. Only time will tell if this idea will be beneficial for Amazon and Kindle, as well.
[Image via slate]