Purse startup team announced a decision to close the company after 6 years of work in the crypto market.
Related: Hacked Altsbit bitcoin exchange announces its closure
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 services for the cryptocurrency community.
— Purse (@PurseIO) April 16, 2020
Details in Purse promised to reveal later. According to one of the team members, the decision was “exclusively commercial,” CoinDesk writes.
The company will provide its services until June 26, but new registrations have already been stopped. It is also planned to cancel outstanding applications next week.
Purse allowed you to get a discount of up to 5% on Amazon by offering gift cards at discounted prices when paying with BTC and BCH.
Recall that in 2017, Purse developers proposed an alternative solution for scaling the BTC network.