28 Apr '15, 9pm

Bitcoin Marketplace Purse Unveils 'Instant' Amazon Shopping

Purse has announced 'Instant', a new product that aims to expand the appeal of its existing e-commerce marketplace while continuing its focus on Amazon shopping. Launched in 2014, Purse now claims 32,000 users on its traditional 'Name Your Discount' marketplace, which matches individuals looking to buy bitcoin with a credit card and users willing to sell bitcoin in exchange for savings on Amazon purchases. Purse co-founder Andrew Lee explained that Instant finds the company stepping in to play an active role on the formerly peer-to-peer (P2P) platform, purchasing Amazon gift cards from its market and holding a reserve of these assets for buyers who want items more quickly. Drawing on a more familiar product as an example, Lee told CoinDesk: "Our model was like Airbnb, person to person. This is like if Airbnb said let's take the 100 most popular locations in San Francisco a...

Full article: http://www.coindesk.com/bitcoin-purse-instant-shopping-am...

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