Amazon launches own currency/virtual coin money

froggyboy604

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The company's effort, dubbed Amazon Coins, will be familiar to anyone that has acquired Microsoft Points or Nintendo Points, as the Coins require consumers to stump up real-world cash in return for a balance of online-only credit tied to a single store. Coins can be spent in Amazon's AppStore or on other goods from the company's site.

Currently offered to US customers only, and redeemable on Kindle Fire devices or at Amazon.com, Coins cost $US4.80 for 500 and are also sold in lots of 1000, 2500, 5000 and 10,000. The more one buys, the higher the discount, with 10,000 Coins costing $90 for a ten per cent discount.

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I wonder if this mean we can work for Amazon and get paid with Amazon coins via its crowd sorcing site called Mturk which pays people a few cents per simple task like labeling a product, and categorizing products.

Plus, would third-party sellers on Amazon Marketplace be able to accept Amazon Coins, and convert it to their local currency like Canadian dollars, so they can deposit it into their bank account?
 
This is retarded. When I buy on Amazon I use credit cards, amazon cards, or amazon.com official credit card issue by a bank. I won't be doing any of this coin nonsense.
 
If they paid out with mturk with amazon coins, that would be awesome. I believe right now mturk only does direct deposit or checks (but don't quote me on that, I'm not sure).
I never joined mturk because it didn't pay out via amazon gift card codes/credits etc. before, but I would if they did pay out with something I can use on their site.
 
One of the main beneifit of Amazon coin is 1 Amazon coin may be worth more than 1 US dollar in the next few years or months like 1 Bitcoin is worth 100.33 US Dollars, so if someone has 1000 Bitcoin they earned when it was invented years a go, their 100 Bitcoins is worth 100 329.89 US dollars today according to the Bitcoin converter at http://coinmill.com/BTC_USD.html#BTC=1 .
 
I find this interesting because there are plenty of other currency's already and I highly doubt anyone will use amazon, I'm definitely going to keep an eye on this thread and see what everyone's feedback on this is, I still can't believe their doing this I think it's a pretty bad move on their part.
 
Having a lot of currencies is good because if you have multiple currencies if one currency drops in value like the Greek Dollar, and Egyption money, there are still many other currencies you can earn, or trade your currency for other currencies like how a lot of people who work online are paid in US dollars via Paypal, and they can convert it to their countries currencies, or deposit it in a US dollar account, or US bank, so they still have US money even if their countries's currency is valued less because of a war, bank bail out, or stock market crash in their country.

Amazon is also a huge site which sells almost anything, so you can use Amazon Coins to buy gold, silver, copper, and jewels which could be worth more in a few years.

A lot of people use Amazon Giftcards to buy apps, movies, MP3s, or actual products, so Amazon coins could be simpler than Amazon Gift cards in US dollars since they don't need to convert their currency to US Dollars to buy an Amazon Giftcard with US dollars loaded on them.
 
You can't mine Amazon Coins, but I bet Amazon find a way where you can earn Amazon coins doing simple tasks like filling out surveys, doing polls, signing up for trials, and selling physical and digital items for Amazon Coins to buy ebooks, MP3s, Apps, physical items which Amazon sells on its website, or exchange Amazon Coin for US Dollars.
 
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