Purse.io has become one of the most popular use cases for Bitcoin, as the web app allows users to save 15 percent or more on their Amazon purchases. Although this discount is obviously attractive to pretty much anyone who shops online, not many people understand what makes this discount possible.
For those users who cannot wait any longer and want to get in on some Steam action right away, Purse.io is offering a special temporary promotion
Purse.io, known for helping bitcoin users get significant discounts on Amazon products, recently teased a “secret” project known only as Tritium when they announced a $1M seed funding round. Today, while stopping far short of a full reveal, they have let slip a few details about the project.
Bitcoin e-commerce startup Purse has raised $1m in seed funding in a round led by investor Barry Silbert’s Digital Currency Group.
“We are very excited to build useful applications that are impossible with traditional payment systems,” said Andrew Lee, Purse.io CEO. “Our decentralized marketplace will enable anyone with a smartphone to buy or sell goods.”
It wasn’t just regular consumers who were able to benefit from the much-anticipated Amazon Prime Day. Purse.io, the escrow service that connects users with bitcoin to users with Amazon gift cards, saw a significant amount of growth leading up to the big day.
Purse.io, the peer-to-peer marketplace that allows users to exchange their Bitcoins for Amazon products and vice-versa, has partnered with ShapeShift in order to allow its users to use other crypto currencies aside from Bitcoins.
Purse.io puts this to the test by providing people the ability to exchange bitcoins for Amazon.com, Inc. products using credit cards, gift cards, and Amazon payments balances.
Purse.io, a startup that lets consumers buy Amazon items at a discount using bitcoin, has opened a brick-and-mortar store.
“A good startup, they say, should find a problem and solve it elegantly. Well, California-based company Purse.io solves two problems and ties the solutions together in one neat package.”
Andrew drives the company’s strategy, partnerships, and growth. Andrew draws on his previous experience founding an ISO, covering emerging payments at Merrill Lynch, and optimizing processes as an engineer at LG. He earned an MBA from Georgia Tech and a bachelor’s from the University of Florida.
Kent oversees the technical and product vision of the company. Kent previously worked at IBM R&D on semiconductor defect simulation. He received a master’s from Cornell where he studied computational material science and optimization and a bachelor’s from UCLA.