Amazon gets virtual currency

In order to make developers get more revenue by submitting apps, Amazon launched Amazon coin, a virtual currency for apps, games and in app purchases of kindle fire
this virtual currency will first be launched in the United States in May. By then, there will be two payment methods for the kindle fire, one is through credit card binding, and the other is through Amazon coin. Where 1coin = 1 cent. The launch of virtual currency will stimulate consumption to a certain extent, because parents may be more willing to let their children make in app purchases, which will benefit developers
for developers, they don't need to do anything to use Amazon coin, but if they haven't submitted their own app, they need to submit it before April 25, so that they can use Amazon coin in May
Amazon officially announced the launch of its first virtual currency, coins, on May 13, 2013. Users can use coins to buy apps, games and in app items in the Amazon app store. One dollar can buy 100 coins. Along with the launch of the coins payment system, Amazon presented 500 coins worth $5 to all kindle fire users. Amazon said that the total value of the coins presented reached tens of millions of dollars
like other virtual currencies (such as Facebook credit coin), Amazon launched coins to promote users' consumption on amazon.com. Once users buy Amazon coins, they can only consume them on amazon.com. Amazon will continue to accept users to buy apps and games using traditional payment methods
Amazon coins can only be used to purchase apps, games and in app items, but Amazon has plans to expand the scope of its use. Mike George, vice president of Amazon's apps and games division, said: "we're going to increase the way users earn coins and expand the use of coins."
the suspense is, will Amazon expand the use of coins to all procts other than digital procts? Theoretically speaking, since Amazon can use coins in digital commodity transactions, it can also use coins payment system in physical commodity transactions

Amazon announced in early February 2013 that it is expected to launch Amazon coins in the United States in May 2013. Amazon coins is a new virtual currency that allows U.S. users to buy apps, games and props in the kindle fire. Amazon will provide tens of millions of US dollars of Amazon coins at that time to let users try and consume the apps, games and props in the app on the kindle fire for free

it is concive to the application ecosystem of mobile devices
the profit margin and profit (especially Android platform) of mobile applications are not surprisingly high. If there is no revenue flow to developers, then there will be no economic environment for high-quality applications. In the long run, if Amazon money can bring rewards to developers and make users of experience services feel fair and reasonable, it will be concive to the entire application ecosystem on mobile devices<

using cash reserves to make profits
Amazon's net profit may not only benefit consumers from the handling charges created by the exchange between cash and virtual currency. Consumers who buy Amazon money are less likely to spend all their virtual money in one transaction. This makes Amazon have a large number of cash reserves that have been purchased but not really consumed. This cash reserve may not be large at first, but if Amazon coin is accepted by the market with millions of users, Amazon is expected to use this cash reserve for its own benefit

I still have a certain understanding of dogcoin. Dogcoin is actually a virtual currency based on blockchain technology, which can realize the payment function in the process of transaction, similar to bitcoin

as an ordinary investor, I think we can pay attention to dogcoin under the current situation that dogcoin has been hyped in the market< in the short run, I think it's a good time to invest, but in the long run, doggy money has no investment value

Amazon once considered dog money payment, which is also a kind of virtual currency. Its rising momentum is still very fierce. It is said that it has soared by 400% in a year, which is even more terrible than bitcoin. However, it said that it is still a kind of virtual currency, which has not changed the essence{ RRRRR}

49.3 billion bitcoin funds burst, whose funds do you think these funds are? In the market, retail investors can't lose money because they are the ones who really grasp the market trend. To put it bluntly, they can let this thing go up and let it go down. Only retail investors are the ones whose final interests are damaged. Because you don't know the market trend, so you don't want to look at virtual currency and buy it now, After buying, you are more than 80% likely to lose money