Bitcoin Payments Startup Purse Shuts Down
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17 April
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Bitcoin payment facilitator has just announced its decision to shut down after 6 years of operation.

According to the company's announcement shared yesterday:

"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, which was founded back in 2014, offered its users a discount for paying on Amazon with Bitcoin.

The service worked in a very simple way. Purse offered discounts of up to 5% on Amazon when buying Amazon gift cards with cryptos. Users could buy gift cards with discounts using Bitcoin and Bitcoin Cash.

The company has given details about its ongoing orders and has reported users will have till June 26 be able to withdraw their funds. However, yesterday it stopped the registration of new accounts.

Purse claims the decision to shut down its not related to Amazon's recent decision to recude the commissions on its affiliate program.

The company has added:

"It's been a privilege serving people all around the world. We're thankful for our customers who used 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."

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