Spend Your Bitcoin On Amazon With Purse.io
I just learned about Purse.io from a friend the other day. (Thanks @modprobe) I was pretty excited and created an account right away.
Purse.io lets you spend Bitcoin on Amazon!
This is a game changer. It was super cool to see Overstock and other companies start accepting BTC and crypto-currency, but your product selection was limited. Amazon is one of the world's biggest retailers. As of 2015, Amazon passed Wal-Mart in retailer market value.
Amazon is currently at a $347.75 Billion Market Cap
Walmart is currently at a $214.39 Billion Market Cap.
The Implications Here Are Huge.
You can now EASILY use your BTC to buy everyday things that you know will show up at your front door in just a few days. This means more people can stay in Bitcoin and Crypto without having to convert to dollars or other state backed fiat currency to buy products and services. This alleviates the need to pay things like capital gains taxes.
Easy To Setup
With Purse.io you can easliy connect to a Coinbase account and pull directly from your existing BTC ballance.
Did I Mention Discounts?
You get 15% off your first purchase that you use Purse.io on. There are obviously some limitations here ( I have yet to read the fine print on this specific offer.) And you can expect to see upwards of 5% discounts on most items on Amazon.
Community & Influencer Recomendations
You might recognize these Twitter handles.
I am really excited to start using Purse.io. Are there any Steemit users out there using Purse.io? If so let me know and what your experience was like. I'm almost pissed I am just finding out about this service now.
Now Steemit users can earn Steem, trade for BTC, and buy things on Amazon. How cool is that?
Yes, I know it will be awesome to have Steem based marketplaces and I have seen cool projects working towards that. But for now Steemit is in Beta, still growing, and needs to mature before those marketplaces are ready for mass adoption. Purse.io is in position to help Bitcoin and the crypto industry go to the next level.
(I know there is content on Steemit already on Purse.io but my friends, family, and followers on other platforms will be more interested in my thoughts on the matter)
Sources: Purse.io
Image Sources: Google & Purse.io
I started using Purse.io about a month ago. It works very well. I just aim at 15% discount and it's pretty quick.
Awesome!
Great news thanks for posting this. I'd be careful about saying "you can avoid capital gains tax" tho without getting a professional opinion or link for that. IRS always finds a way, and barter is taxable. I've gotten the Visa Shift now (which also lets you spend Bitcoin from your coinbase account) but can actually envision those transactions being taxable, esp if funded by Stemm, and especially if Bitcoin rises between the time I buy it, and spend it on groceries.
I do think transactions like this will go under the radar for awhile (esp at the low volumes I'd be doing) but I'd be very careful advising people they can avoid tax, ever.
Following you now - Best, Guy