Jeff Bezos' Amazon Mints Its Own Virtual Currency

Amazon Coin
(Image: theverge.com)

One of the more interesting tech phenomena is its development of virtual currency. A number of Silicon Valley firms created lucre, which essentially enabled one to hoard money and get it out of one's country. The US government began investigating some of these activities, which clearly encouraged money laundering as well as legitimate gaming activity.

The advantages of virtual currency did not escape Amazon's notice. To that end, the Seattle-based company recently announced the launch of "Amazon Coins." We don't know if Jeff Bezos' profile graces the currency. However, Amazon's money can be purchased with "real" money, such as US dollars. According to siliconvalley.com, Amazon Coin permits "people to buy apps and games in its app store and on its Kindle Fire tablet computers."