Since the release of Bitcoin, the world of online trading has been transformed. Not only are there over 1,300 types of Bitcoin in the market, the trading process has also been made more efficient and secure. Amongst all the types of cryptocoin, Ethereum, Litecoin and Ripple are arguably the most popular and next to Bitcoin in terms of speed, security and value. Cryptocoins are now used by nearly every merchant for different transactions especially those made online.
Cryptocoins are digital currencies that are free of regulations from the Central Bank unlike legal tenders. Even though this provides maximum security for transactions, it also has a lot of downsides like; possible hacking, rise and fall of the cryptocoins and ultimately a lack of factual information on new cryptocoins.
Although, Bitcoin can be used to trade there are not a lot of platforms that make this possible and, ensure the safety of investors. This has led to the release of a new online marketplace where users can purchase literally anything – Purse.io.
What Is Purse.io?
Purse.io was created specifically to help users purchase products online. The company's mission statement which reads “To provide unmatched efficiency and transparency to commerce; empowering shoppers all over the world”, is truly their watchword.
The company run by a team of 15 people and based in San Francisco, California has invented a way to allow users purchase items from Amazon using Bitcoins while, enjoying discounts and special offers for Bitcoin users.
How Does Purse.io Work?
There are two options that could be adopted while purchasing an item using Bitcoin:
The “Buy Now” Option
The “buy now” option offers a discount of 5% on all items bought on Amazon and, only approves your payment after your delivery is confirmed. All you have to do is;
- Browse for items on Purse.io
- Make your payment in Bitcoin to the Purse Escrow.
- Your purchase is delivered to your location.
This is the ideal option to take if you want your purchase to arrive at your location as soon as possible.
The “Name Your Discount” Option
This option is ideal for users looking to save their funds as, you can easily save over 10%-33% off the actual amount of your purchase. The steps to this process are;
- You will have to create an Amazon wishlist.
- Name your discount on Purse.io.
- Make your payments in Bitcoin to the Purse Escrow. An earner would then purchase your items on Amazon.
- Your order will be delivered and the funds will be released upon confirmation.
An “Earner” as mentioned in the steps above are, individuals who purchase items for shoppers by exchanging their gift cards for Bitcoin. They usually trade their gift cards for an amount lower than the USD value of the gift card, which is the discount passed on to users of Purse.io.
Thus, another unique feature of Purse.io; allowing individuals exchange gift cards for Bitcoin. It also allows users sell their merchandise for Bitcoin.
Purse.io is truly a unique platform that offers large discounts on virtually any product for their buyers and, allows sellers exchange products for Bitcoin with only a 1% service fee which is much lower compared to EBay, Amazon and Etsy.
Purse.io is dedicated to making cryptocurrency useful to users for unbelievably low charges.