Unocoin Teams Up with Purse.io to Turn Mechanical Turk into Rupees
- India-based bitcoin exchange Unocoin has partnered with Purse.io to complete the cycle from Mechanical Turk to Indian rupees.
India-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this TermExchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Unocoin has partnered with Purse.io to complete the cycle from Mechanical Turk to Indian rupees.
Purse.io, launched last year, is a Bitcoin startup that enables the exchange of Amazon gift card credit and bitcoins at advantageous prices. It claims to help you save 20% on Amazon items by purchasing with bitcoin.
Mechanical Turk is an initiative by Amazon, launched initially for internal purposes in 2005, to use human intelligence (i.e. manual work) for tasks that cannot be performed by computers. It has since expanded into a global crowdsourcing marketplace, connecting "requestors" with workers (a.k.a. providers, or Turkers) to fulfill such tasks.
Most Turkers are based outside the U.S., making for an awkward choice of payment options: either a USD check in the mail, or an instant Amazon gift card balance. Purse.io can convert this balance into bitcoin, and Unocoin, based in India where many of the workers are located, would have these converted to Indian rupees.
The exchange with Purse.io takes roughly two days.
India-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this TermExchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Unocoin has partnered with Purse.io to complete the cycle from Mechanical Turk to Indian rupees.
Purse.io, launched last year, is a Bitcoin startup that enables the exchange of Amazon gift card credit and bitcoins at advantageous prices. It claims to help you save 20% on Amazon items by purchasing with bitcoin.
Mechanical Turk is an initiative by Amazon, launched initially for internal purposes in 2005, to use human intelligence (i.e. manual work) for tasks that cannot be performed by computers. It has since expanded into a global crowdsourcing marketplace, connecting "requestors" with workers (a.k.a. providers, or Turkers) to fulfill such tasks.
Most Turkers are based outside the U.S., making for an awkward choice of payment options: either a USD check in the mail, or an instant Amazon gift card balance. Purse.io can convert this balance into bitcoin, and Unocoin, based in India where many of the workers are located, would have these converted to Indian rupees.
The exchange with Purse.io takes roughly two days.