Fearing A Shutdown After 6 Years, Purse Could Be Saved By An Acquisition; Roger Ver in ‘Talks'

Purse.io, a Bitcoin oriented startup, that recently announced it would be closing its operations in June 2020 seems to have changed this position. The company’s support manager, Eduardo Gomez, released a statement on 23 April noting that the firm has received numerous acquisition interests from prominent stakeholders within the crypto markets,

“Several parties – including well known bitcoin advocates, high volume users, and established cryptocurrency companies – reached out with interest in acquiring purse.io.”

Given this development together with overwhelming community support, Purse has since reconsidered its previous decision and likely to postpone its operations wind up. Gomez further highlighted that the shop and earn feature which was to be disabled on April 23 will remain functional.

In its April 16 announcement, Purse had informed its clients to withdraw their funds before June 26 which had been set as the official winding up day. In addition, the platform had ceased to register new signups following the closure announcement last week.

New Possibilities for Purse.io

Despite what seemed like the final months for Purse.io, the Bitcoin and BCH oriented startup is showing signs of a bounce back. Apart from the company statement, Gomez also shared the promising prospects of Purse.io on twitter where he seemed enthusiastic about its future,

“Good news everybody! It looks like Purse is here to stay.”

Gomez, however, did not go into the details of which big whales in crypto are looking to acquire Purse.io hence the sudden strategic change. This has left stakeholders speculating on Bitcoim.com CEO, Roger Ver, as one of the investors. The BCH evangelist posted a video earlier this week saying that he was in talks with Purse.io given their significance thus far,

“Purse is too important for the ecosystem to let disappear. I don’t think [Purse] is going to go anywhere,”

Could Binance acquire the 6 year old startup? They have been on a tear in the past few years gobbling up crypto businesses.

Purse, which started back in 2014, has been linking Amazon gift card owners with BCH and BTC investors to the benefit of both parties. Ideally, one can pay either of the two crypto coins in exchange for purchases by the Amazon gift card users.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Edwin Munyui
Edwin Munyui
Edwin is a FinTech enthusiast with a particular interest in blockchain technology and cryptocurrencies. He has worked as an author in the blockchain space since 2017 and enjoys creating content that both crypto veterans and newbies can understand. His simple writing style and financial market knowledge have made him a reputable fundamental and technical analyst with the ability to handle any topic around blockchain and crypto over the years.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

‘Big Buys' on Bitfinex Exchange has Bitcoin Trading at a Premium

The world’s leading cryptocurrency shot past $10,000 yesterday in a strong move only to fall to $9,150 on Bitfinex and $8,600 on BitMEX in...

Russia to Prohibit Crypto Circulation, Mining, and Ads Under New Draft Law For Digital Assets

Cryptocurrency regulations are quite tricky and up until now, only a few countries can boast of finding the right mix of existing new laws...

China’s Largest Mining Chip Maker, SMIC, Gains Regulator’s Approval On $2.8B IPO

One of China’s biggest semiconductor manufacturer, SMIC, announces plans to raise a $2.8 billion public sale IPO on the Sci-Tech Board of the...

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today