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To: Glenn Petersen who wrote (161191)2/5/2013 5:49:24 PM
From: FJB  Read Replies (1) | Respond to of 164684
 
Why Amazon wants its own currency

Coins are the latest attempt to shore up loyalty... and maybe avoid some taxes

By Adrianne Jeffries on February 5, 2013 02:08 pm

theverge.com



Despite the failures of Facebook Credits, Microsoft Points, and the dot-com virtual currency Flooz, Amazon has decided to mint its own money. The ecommerce giant announced today that customers will soon be able to use a new virtual currency called Amazon Coins to buy apps and make in-app purchases in the awkwardly-named Amazon Appstore for Android on Kindle Fire.