After 6 Years, Bitcoin-Based Payment Facilitator Purse.io Shuts Down

After 6 Years, Bitcoin-Based Payment Facilitator Purse.io Shuts Down

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

“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.

Company That Help Bitcoin’s Adoption

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

According to the Purse.io site, the platform took interested parties to sell their Amazon gift cards and paired them with Bitcoin-wielding purchasers, making discounts possible.

Difficult Exit

After thanking the community, Purse.io stayed open until June 26, 2020 to detailed ongoing orders and withdrawals. On April 16, the site shut down its sign-up feature, leaving out any new members.

The “shop and earn” features at the site are closing on April 23. Also, the platform will end unmatched open orders on June 26 with the entire outfit closing completely.

At the statement’s end, the company said:

“It’s been a privilege serving people all around the world. We’re thankful for our customers who used purse.io increasing Bitcoin’s utility and distribution. We’re also thankful to all the developers and companies who continue to support open-source projects including Bcoin and HSD. Thank you for helping us make crypto useful.”

Cryptolydian reported earlier that, MoneyMatch, Malaysia-based global payment services provider, has signed a partnership agreement with Ripple to offer an instant cross-border remittance service.

Ripple offers transfer services in real time and at a very low cost. XRP acts as a bridge currency. Furthermore, no Nostro accounts are needed on the recipient’s account for pre-financing. This function is eliminated due to the usage of XRP as a bridge currency.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.