Purse.io Shuts After Six Years of Operation

Purse.io, a 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 Term-based Amazon Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term facilitator, has decided to shut its services.

Announced on Thursday, the company did not specify the exact reason behind the harsh decision.

“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 official announcement stated.

Making Bitcoin mainstream

Launched in 2014, the San Francisco-based company was offering rewards in Bitcoin for purchases on Amazon.com. Though many startups are now offering such services, Purse.io was among the first to reward Bitcoin.

The company also partnered with Amazon gift card sellers and paired them with buyers willing to pay in Bitcoins, thus playing a major role in boosting Bitcoin adoption.

In its six-year of service, the company added more than 317,000 users, according to its website.

“It's been a privilege serving people all around the world. We're thankful for our customers who used purse.io increasing bitcoin's utility and distribution,” the announcement added. “We're also thankful to all the developers and companies who continue to support open source projects including Bcoin and HSD.”

The company also detailed that it will support ongoing orders and withdrawals until June 26, ensuring the settlement of all transactions. However, it has terminated taking new users.

“Shop” and “earn” functionality on the platform will be terminated on April 23. The platform also urged users to withdraw funds as soon as possible.

Meanwhile, various uncertainties in the market are also forcing many crypto companies to terminate their services. Last week, Bytepool, one of the top Bitcoin mining pools, decided to shut its operation, moving towards altcoins.