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Updated on | Posted in Bitcoin, Blockchain Technology, Cryptocurrency

Is this post promoting the Amazon cryptocurrency a scam?

Amazon is the largest e-commerce company in the world and has an annual revenue of over $150 billion. It was just announced that Amazon has launched a cryptocurrency called amazon crypto coin for Kindle Fire users. The USP is that you can buy these coins at a discount rate by using your Amazon account. This article explores whether this new cryptocurrency is worth buying.

What are Amazon Coins?
Amazon Coins are a form of digital currency that can be used for Kindle Fire applications. You can buy Amazon Coins at a discount rate using an Amazon account. There is absolutely no risk to the customer and purchases can be made anonymously and with cash (US Dollars).

What do you get for buying coins?
Amazon coins can be used as an alternative to other digital currencies for Kindle Fire users. With the coins, Kindle Fire users can buy apps and games in the Amazon Appstore and this includes popular titles like Angry Birds and Cut the Rope. The coins will also entitle you to a discount if you purchase anything from Amazon’s Appstore.

How much are these amazon crypto coin worth?
The coins are worth one cent each and you can buy them in increments of 100. You can also purchase them in bulk to get a discount. They’re sold in denominations of $5, $25, $100, and $500 for the discounts.

Is this post promoting the Amazon cryptocurrency a scam?
This article doesn’t seem to promote the new Amazon cryptocurrency, but it does explore the pros and cons of this new currency. It seems like they are just looking at the advantages and disadvantages of this new currency. They seem to be exploring the pros and cons of coins for Kindle Fire users. One pro they mention is that you can buy these coins at a discount rate by using your Amazon account. They also mention that there are not many cons to this currency yet.