Bitcoin Marketplace Purse Takes Page From Etsy in Expansion

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The online marketplace that lets its customers buy items from Amazon with bitcoin today started looking an awful lot like Etsy, the website that puts a wide range of vendors directly in touch with buyers.

Backed by some of the biggest names in bitcoin, Purse’s launch of Purse Merchants, lets anyone sell almost anything in exchange for bitcoin. Almost.

The man in charge of helping recruit this new crop of vendors says the new business model is about more than just a new way for people to make money, it’s a way to grow the number people actually spending bitcoin in an organic way.

Purse community manager Thomas Hunt told CoinDesk:

“This is a great way for people who don’t have bitcoin to try it out. If you have any items around the house you can open a shop and sell them for bitcoin.”

As of today, independent vendors can sell almost anything they want on the market. To make money on this new service, Purse charges a 1% fee to the vendor for each sale. There are no fees to list an item, and the customer’s funds are held in escrow

Read more ... source: TheBitcoinNews