After six years of service Bitcoin business Purse will shut down according to an email sent to customers on Thursday, April 16.

“We’ve made the very difficult decision to dissolve the company,” the email reads. “We are grateful for the opportunity afforded by our supporters to build products. Also, the infrastructure for the cryptocurrency community”.

What it was offering

By linking Amazon gift card holders and cryptocurrency investors, Purse offered discounts of up to 5 percent at Amazon. Users may use bitcoin or bitcoin cash to purchase gift cards at discounted rates, according to Purse’s website.

“It was a business decision, nothing funky going on,” Purse support manager Eduardo Gómez said in a Twitter DM. Purse will share more details in an upcoming blog post, he said.

Purse will continue to support services until June 26 but on Thursday, signups will cease. In addition, the startup’s “Shop and Earn” option will be disabled next week April 23. And open orders not matched will be canceled, the email says.

In the Bitcoin community Purse was once an involved developer. During the 2017 debates that spawned Bitcoin Cash. The firm suggested a third scaling approach, dubbed “extension blocks”. However, the specification for the extension blocks never implemented.

Gómez said the firm’s decision to wind down was not related to Amazon’s recent attempt to cut commissions on its affiliate program.

More about Purse

Purse.io came into the world in 2014 as one of the first blockchain companies of its kind, giving Amazon customers a discount for paying with Bitcoin.

According to the Purse.io blog, the company took interested parties to sell their Amazon gift cards. And matched them with Bitcoin-wielding purchasers, making discounts possible.

The company said