RATE Group | Did Amazon Just Kill One of the Oldest Bitcoin Companies, Purse?
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Did Amazon Just Kill One of the Oldest Bitcoin Companies, Purse?

17 Apr Did Amazon Just Kill One of the Oldest Bitcoin Companies, Purse?

Posted at 09:07h in Bitcoin News by

Did Amazon Just Kill One of the Oldest Bitcoin Companies, Purse? 101
Source: Adobe/ink drop

Bitcoin company Purse will close its doors six years after its launch, and a theory is that e-commerce giant Amazon’s recent commission rates slashes are behind it.

Purse – a company that enabled a savings options with up to 5% discounts on Amazon, allowing Amazon gift card holders to complete somebody’s purchase in return for their bitcoin (BTC) or bitcoin cash (BCH) – announced yesterday that a “difficult decision to dissolve the company” has been made.

New signups have already been disabled, and ongoing orders and withdrawals will be supported until June 26, when Purse will cease operations, says their announcement.

However, as of yet, the company has not offered a reason behind this decision. Redditors, though, think they might know why. User ‘bitusher’, for example, finds that Amazon’s alleged 50%-70% commission rate cut for its affiliates program in each category is behind this. CNBC reported this information two days ago, citing an Amazon…

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