Amazon has positioned itself to become one of India’s e-commerce leaders. Purse.io, an online marketplace that allows discounts on Amazon by using bitcoin, is helping Amazon achieve its goal by allowing bitcoin users to receive discounts between 15 and 22% using Purse’s “Name Your Discount” program, Purse announced.
Users that are already using Unocoin, an India-based exchange, to purchase bitcoin are already set to receive discounts on food, clothes and electronics.
Unspent Card Balance For Bitcoin
Purse leverages unspent gift card liquidity to pass on discounts to Amazon shoppers. Purse matches its customers with individuals who have illiquid gift card balances. The gift card holders then order at the Purse users’ proposed discounts, and in return receive bitcoin to spend or exchange for rupees on sites such as Unocoin.
Amazon’s Mechanical Turk, for example, allows users to be paid for performing manual tasks. Amazon Turk workers have limited payment options, including an Amazon gift card or a USD check that would have to be mailed. Purse provides these