Purse.io Closes $300k Funding to Expand Amazon Discount Service
Updated with comment from Bobby Lee, Roger Ver and StrongVC. Purse.io, a San Francisco-based startup that allows people to buy items on Amazon using bitcoin, has closed a $300,000 seed funding round involving prominent members of the bitcoin community. The firm has also announced new data on the discounts provided by its platform for Amazon shoppers, along with a VIP membership scheme and a redesigned website. Roger Ver, Bobby Lee and Terrence Yang all took part in the funding round, along with FundersClub and StrongVC, Purse.io said, adding that the money will be used to build bitcoin....
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For Bitcoiners, Purse.io seems to be one of the best options for spending Bitcoin for goods, as Amazon carries almost anything you would want to buy. In addition to the ability to spend Bitcoin on Amazon products, Purse.io allows you to choose a discount rate between 1-50%. However, since Purse acts as an escrow service, it is extremely unlikely that you will be able to get a 50% discount on anything. In past transactions with Purse, I’ve gotten up to a 35% discount on items that were less than $10, 30% off of items that were less than $30, and 25% off of anything higher than that. In....
On this episode of the official Bitcoin.com podcast, our host Zach Doty sits down with Kent Liu of Purse.io, a service that lets users spend bitcoin on Amazon purchases with discounts. During the show, Liu explains how Purse.io works, and how much users can expect to save by using the service to shop on Amazon with bitcoin. Liu says that the Purse team....
Following recent coverage of a potential exploit on services that rely on Amazon Wishlist for order fulfillment, Purse.io, a Bitcoin service that allows users to "buy" goods on Amazon using Bitcoin at a heavily discounted price, has clarified that this particular scam has long been dealt with for Purse users. Through the use of a proprietary order tracking system, Purse.io isn't dependent on Amazon Wishlist, which Amazon admits has known errors that lead to scams. Purse.io has several times the Amazon trading action as Brawker; as such, they have the data to construct reliable fraud....
To put this into perspective, Amazon discounts can range anywhere from 10% to 22%. A smaller discount will usually see orders filled a lot quicker, though. India remains a hotbed for Bitcoin activity in recent years A new partnership between Purse and Unocoin will allow residents to shop on Amazon at a discount. With cryptocurrency usage in India expanding rapidly, it makes sense for companies to explore the market. Purse wants to improve the local online shopping experience, and offer Bitcoin users appealing discounts at the same time. Amazon is quickly becoming the fan favorite among....
Purse.io, the Bitcoin startup that bridges the gap between Bitcoins and the famous retailer Amazon.com, has just announced a $300K fundraising round yesterday. Several well-known figures in the Bitcoin community such as Roger Ver and Bobby Lee (BTC China) took part in this round alongside Venture capitalist firms such as FundersClub, StrongVC and Yang Ventures. Also read: Purse.io Immune to Brawker Amazon Wishlist Scam. CEO Andrew Lee: "What Happens Under the Hood Matters." Purse.io Receives Wide Praise from the Bitcoin Community. The rapid success of this bitcoin startup, which now has....