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Amazon Announces Virtual Currency, Amazon Coins

The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

Amazon Announces Virtual Currency, Amazon Coins

Earlier this week, Amazon announced their new service, Amazon Coins, which is a virtual currency used to buy apps, games and other in-app purchases. 

They kicked off the launch by giving all Kindle Fire owners $5 worth of Coins, equal to 500 coins.  Users can buy more Coins, and they can save up to 10 percent for buying high quantities at a time. 

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