RATE Group | Bitcoin Startup Purse to Shut Down After 6-Year Run
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Bitcoin Startup Purse to Shut Down After 6-Year Run

16 Apr Bitcoin Startup Purse to Shut Down After 6-Year Run

Posted at 20:50h in Bitcoin News by

Bitcoin startup Purse will shut down after six years in the space, according to an email sent to customers Thursday and confirmed by CoinDesk.

“We’ve made the very difficult decision to dissolve the company,” the email states. “We’re grateful for the opportunity afforded by our supporters to build products and infrastructure for the cryptocurrency community.”

Purse offered discounts of up to 5 percent at Amazon by connecting Amazon gift card holders and cryptocurrency investors. Users could buy gift cards at discounted rates using bitcoin or bitcoin cash, according to Purse’s website.

Related: Ex-State Street Blockchain Team Drops DLT From New Data-Privacy Startup

Read more: Purse Launches Testnet for Bitcoin Scaling Tech ‘Extension Blocks’

“It was a business decision, nothing funky going on,” Purse support manager Eduardo Gómez said in a Twitter DM. Purse will disclose more information in a forthcoming blog post, he added.

Purse will continue to facilitate…

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