02-05-2013, 11:32 AM | #1 | |
monkey on the fringe
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Amazon Coins Coming This May to the US
Amazon to introduce virtual currency for apps and games. Amazon will give US customers over $10 million in free coins as part of the promo.
Quote:
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02-05-2013, 01:54 PM | #2 |
Seriously?
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How many coins to the Linden? LOL
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02-05-2013, 08:06 PM | #3 |
You kids get off my lawn!
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Is this a way around the "no discounts" rules on things? How is this different from "Gift Certificate"?
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02-05-2013, 09:26 PM | #4 |
Grand Sorcerer
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More likely it's an attempt to grease micropayments and reduce transaction costs.
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02-06-2013, 01:38 AM | #5 |
eBook Enthusiast
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02-06-2013, 03:30 AM | #6 |
Wizard
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The Linden Dollar
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02-06-2013, 03:35 AM | #7 |
eBook Enthusiast
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Thank you.
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02-07-2013, 01:11 AM | #8 |
Wizard
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I wonder if you could use it within something like ComiXology since you can buy comics through them with Amazon gift card credit?
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02-07-2013, 05:47 AM | #9 |
Chocolate Grasshopper ...
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Isn't all currency 'virtual' on the Internet ?
I must be missing something with this .... |
02-07-2013, 05:50 AM | #10 |
Guru
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02-07-2013, 06:21 AM | #11 |
Chocolate Grasshopper ...
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02-07-2013, 07:02 AM | #12 |
Transplanted NYer
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I'd be willing to gamble that this will be part of their announcement of the Kindle phone.
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02-07-2013, 07:17 AM | #13 | ||
Grand Sorcerer
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Slate has an interesting take on this:
http://www.slate.com/articles/techno...ndle_fire.html Quote:
Last fall they took out "loans" at rates that are lower than the inflation rate. So Amazon is going to stimulate the growth of the FIRE ecosystem with "Other People's Money". Danny DeVito would be proud. Quote:
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02-07-2013, 08:19 AM | #14 |
Professor of Law
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When I read this, I could not help but think of the way that the Microsoft X-Box does business. For their store, you buy "points" cards and spend the points on games, game add-ons, and DLC. But it was also a way to fix prices. At one point, you could buy 2000 points for $20USD. Now, that same 20 dollars only buys you 1600. Rather than affecting sale content, it always felt more to me like a way to raise prices while gamers weren't looking. I wonder if it will work the same way with Amazon.
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02-07-2013, 11:09 AM | #15 |
Grand Sorcerer
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The Microsoft Points cards go on sale from time to time.
One advantage (for MS) is that the listed product prices (in points) can stay constant while the price of the points themselves can vary. It is a low-overhead way of processing micro-transactions; good for the vendor. The trick is making it good for a majority of consumers, too. For people without credit cards or concerned about system crackers it is a good thing. |
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