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Bitcoin-Based Purse.io Seals Business After Six Years

The Bitcoin-based Amazon payment facilitator, Purse.io, on April 16, 2020, notified its users via email that after providing services for six years, now it is shutting down the business.

The company, while thanking its customer, stated, “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.”

Purse.io Provided Discount To Amazon Buyers

Purse.io was introduced into the market in the year 2014 to offer a discount to those Amazon users who would pay their bill in Bitcoin. To do so, the Amazon payment facilitator would first select the parties who wanted to sell their Amazon gift cards, then link them with Bitcoin-wielding buyers.  On April 16, 2020, the site closed its sign-up feature and also banned any new entry on it. In its announcement, the platform mentioned that if there is any ongoing order or withdrawals then that would continue till June 26, 2020.

The company’s notification states that the “shop and earn” feature of its site would shut on April 23, 2020.

On June 26, 2020, the Purse.io would close its entire outfit by terminating all the unmatched open orders.

Company Thanked Customers, Developers And Partners

The company in its mail expressed its gratitude to all the customers around the world for using Purse.io and increased the utility and distribution of Bitcoin. While thanking the Bcoin and HSD, the company also said that its developers and the companies with whom Purse.io had partnered with, were very supportive. With the help of developers and other companies, the Bitcoin startup company was able to make crypto more useful.

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