Forget Bitcoin, Amazon Wants You To Use Its Coins

While Bitcoin remains a controversial digital currency system, Amazon is forging ahead with coins of its own for Android phones and tablets. The e-commerce giant just announced that customers in the U.S., U.K. and Germany can now buy, spend and early Amazon Coins on the Android platform.

Until now, Android Coins were only available for use with Kindle Fire Tablets. By opening them up to more devices, consumers can use the digital currency to buy the latest apps, like Ridiculous Fishing, purchase extra lives within Candy Crush, or unlock Red's amazing Super Roaster in Angry Birds GO directly from their Android devices.

"Since the launch of Amazon Coins, we've been amazed by the number of customers using Coins, as well as how many Coins they're spending on apps and games," said Mike George, vice president, Amazon Appstore and Games. "Because customers can earn Coins when they buy apps in Amazon's Appstore, and because they can buy Coins themselves at up to a 10 percent discount, customers love the extra value they get when shopping in our Appstore."

Attracting Developers

HereEUs how it works: Customers need to download the latest version of the Amazon Appstore and their existing Coin balances automatically appear. Customers can earn extra Amazon Coins by downloading specific apps or by reaching achievements within certain games.

At the other end of the app world, Amazon Appstore developers still earn their standard 70 percent revenue share when customers make purchases using Amazon Coins. By extending Amazon Coins to Android devices, the company is offering developers a more complete system for building, monetizing and marketing their apps and games.

Indeed, thereEUs a slew of options for developers, from in-app purchases to mobile ads and from A/B testing to analytics. The analytics, for example, provide usage metrics on daily and monthly active devices, sessions,...

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