Summary

Bitcoin startup Purse.io in talks of being acquired after announcing to shutdown

Last week, Purse.io made headlines in the cryptosphere as the six-year-old Bitcoin startup announced they were shutting down. Purse.io blazed the path for blockchain and cryptocurrency startups.

Purse.io matches Amazon gift cards with Bitcoin buyers, offering a discount to Amazon shoppers paying in Bitcoin. Purse.io helped bolster Bitcoin adoption when Bitcoin was perceived as a “fad” or scam.

Due to the overwhelming support from the crypto community, Purse support manager Eduardo Gomez, said that Purse is in talks of being acquired.

Good news everybody! It looks like Purse is here to stay. — ⚡??Eduardo??⚡ (@Codiox) April 23, 2020

Purse in Talks to Be Acquired

According to the official statement, Purse is in talks to be acquired, and thus, avoiding closing doors to its many customers and crypto enthusiasts.

Since the announcement below, we have received an incredible outpouring of support from the community, causing us to reconsider our decision. Several parties – including well known bitcoin advocates, high volume users, and established cryptocurrency companies – reached out with interest in acquiring purse.io. Purse.io Announcement

In addition to the overwhelming support for the platform, the firm states that they have “several interested parties” including high-profile investors.

It is unclear at the time who these parties are and their intentions with the platform.

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