Purse Raises $1 Million, Plans 'Secret Bitcoin Project'
Bitcoin e-commerce startup Purse has raised $1m in seed funding in a round led by investor Barry Silbert's Digital Currency Group. The funding is the latest for Purse, which runs a two-sided e-commerce marketplace that offers both steep discounts to Amazon shoppers willing to pay in bitcoin and allows gift cards to be exchanged for digital currency. The startup used the announcement to advertise what it called a forthcoming "secret bitcoin project" it calls Tritium, which it said would bring "new value to consumers and partners". Though Purse offered no additional details, the company has....
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SAN FRANCISCO, CA – The crypto-company Purse.io has just made a special announcement after closing a $1 million USD venture seed round to accelerate its Bitcoin commerce effort. The team that brought Amazon to cryptocurrency has unveiled its new secret project: Tritium. With this project, Purse plans to utilize the company’s network to bring new value to....
The startup Purse.io has revealed its plans for its secret project Tritium they had announced last month. Through an essay written on Medium that gives away just a little snippet of what they aim to accomplish Purse’s undercover mission is revealed — A Smart Contract Platform — The opinion throughout the piece is that “Bitcoin hasn’t disrupted anything” yet, and this crypto-marketplace company aims to change that. In the first week of December Purse.io led by CEO Andrew Lee had announced the company’s secret project Tritium among other special announcements. The new platform being....
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....
Back in November of 2015, Andrew Lee CEO of Purse.io announced its new venture Purse Merchants via Bitcoin.com’s All-Star AMA sessions. The company has just notified us that Purse Merchants is now live and rolling out its services to the public. Now anyone globally can purchase and sell items for bitcoin utilizing secure escrow transactions. Bitcoin.com....
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....