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It's better than iBooks as it syncs across all your devices, so you can read on your iPad, then catch up on your kindle while on the bus, then on your iphone while on the bog (if you do that?) and it syncs which page your on.
On iphone, least this is how I do it, you have to buy them on amazons website (kindle versions, make sure it's the kindle version!) then you can set to send it to yor devices once logged in on the kindle app