RATE Group | Bitcoin-Based Payment Facilitator Purse.io Shuts Down
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Bitcoin-Based Payment Facilitator Purse.io Shuts Down

16 Apr Bitcoin-Based Payment Facilitator Purse.io Shuts Down

Posted at 21:51h in Bitcoin News by

After six years of service, Bitcoin-based Amazon payment facilitator, Purse.io, announced  that they are closing their business. 

“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 infrastructure for the cryptocurrency community,” the company said in an April 16 statement. 

A company helping Bitcoin’s adoption

As one of the first blockchain businesses of its kind, Purse.io came into the world in 2014, offering Amazon shoppers a discount for paying with Bitcoin.   

The platform took parties interested in selling their Amazon gift cards and paired them with Bitcoin-wielding buyers, making discounts possible, according to the Purse.io site.    

A difficult exit

After thanking the community, Purse.io detailed ongoing orders and withdrawals remain open until June 26, 2020. The site shut off its sign-up feature on April 16, barring any new members.  

The site’s “shop and earn” features…

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