Virtual Currencies: The Future is Now

Amazon just announced its introducing a virtual currency that can be used for purchases on the Kindle Fire. The Washington Post reports,

Starting in May, consumers will be able to use Amazon Coins to buy applications and virtual merchandise sold within games, the Seattle-based company said today in a statement. The company will give customers “tens of millions of dollars” worth of the currency, which will be accepted in the Amazon Appstore.

A couple months ago I speculated about Wal-Mart issuing Marts “that might initially be used only for purchases in Wal-Mart stores. But over time, it’s not hard to imagine Marts being traded all over town and easily converted to dollars, pesos, Yuan, or other currencies traded where Wal-Mart has stores.”

I should have known Jeff Bezos would get there first.