18 Apr Amazon BTC Payment Processor Purse.io Closes its Doors
One of the first companies to push Bitcoin
BUY NOW adoption, especially in the retail sector, will soon be closing its doors. Purse.io has announced it will be dissolving the company.
A Bitcoin payment processing company for Amazon since 2014, Purse.io finds that it cannot sustain its business model any longer.
Purse.io Closing Shop
Purse.io was one of the first companies pushing for consumer-based adoption of Bitcoin. It offered Amazon shoppers a means to make purchases with BTC for a discount.
Despite being a ‘first mover’ in this sector, the company is calling it quits.
We’ve made the very difficult decision to dissolve the company. We’re grateful for the opportunity afforded by our supporters to build products and services for the cryptocurrency community.
— Purse (@PurseIO) April 16, 2020
Purse.io’s model was simple — the platform allowed users to trade in their Amazon gift cards for BTC. This enabled it to then offer discounts to its…