Sunday, March 24, 2019

Purse.io: A Way of Spending Bitcoin

Online trading has not remained the same ever since the coming of Bitcoin. Many more coins have sprung up over the years, thereby creating a wide range of selection for customers. Also, the level of security in trading processes has increased. Aside Bitcoin, some other popular coins are Ethereum, Ripple, Litecoin, etc. Now, a lot of merchants make use of cryptocurrency in their businesses because of its speed and security.

Though Bitcoin serves well in the area of trading, yet there is a shortage of platforms to make purchases with it. That is why an online marketplace named Purse.io was created, to enable users to purchase any item they desire with Bitcoin easily.

What Purse.io Is All About

Purse.io can be described as a bridge which connects crypto buyers with Amazon shoppers. It is a marketplace where crypto buyers (Earners) make use of their Amazon gift cards to purchase various items for the interested party and in return, they receive Bitcoin as their payment.

One of the most interesting features of this marketplace is the price at which items can be purchased. Item prices can have a 5-25% discount, selling way below the amount the same item would cost on Amazon.

The Way Purse.io Operates

When an item is to be bought with Bitcoin, two options exist to make it possible, and they are:

“Buy Now” and “Name Your Discount”

Buy Now

This option affords the buyer a discount of 5% on every item they purchase on Amazon, and the buyer’s payment will only be approved once there is a confirmed item delivery. To get started on this option, follow these steps:

  • Search through Purse.io for the desired item.
  • Deposit a Bitcoin payment into the Purse Escrow.
  • The purchased item gets delivered to the provided location.

This option works best for people who want their items to be delivered as soon as possible to a particular location.

Name Your Discount

With this feature, buyers can save as much as 10%-33% of their money when they purchase an item. This feature offers greater discounts for buyers. To get started on this, follow these steps:

  • First, create an Amazon wishlist.
  • Disclose your preferred discount on Purse.io.
  • Make a Bitcoin payment into the Purse Escrow. This prompts an Earner to buy your needed items on Amazon.
  • Funds will then be released upon confirmation of item delivery.

In the course of this article, the word Earner was mentioned. Here is who an Earner is, they are individuals who use their Amazon gift cards to purchase items for shoppers and in return Bitcoin is paid to them. Their gift card comes at a cheaper USD rate; hence the discounts offered to Purse.io users.

Another feature that makes Purse.io unique is the ability to return received items if they are found to be faulty. This is possible because the items are considered as gifts since they are from a Public Wishlist. The defective items can be sent back directly to Amazon, and an Amazon gift card will be credited to the buyer.

Indeed, Purse.io is in the business of ensuring the everyday use of Bitcoin in the purchase of items with just a 1% service fee to make it possible, which is a better offer compared to what is obtainable on other platforms Etsy, eBay, and Amazon.

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