Tag: purse.io

Purse.io attack sparks controversies as users report unauthorized withdrawals

Those who’ve been using Purse.io to buy things from Amazon have had their patience tested, as the latest reports indicate that the company has been attacked by hackers during the weekend. Details about the potential attack have first appeared on Reddit, where users stated that they were not able to log into their accounts, while some also stated that they’ve noticed unauthorized bitcoin withdrawals from their wallets. Purse.io was quick …
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PurseIO – Amazon/BTC exchange

What is it? Essentially Purse.IO is a solution to two main problems. First, it solves the problem of purchasing items at Amazon with Bitcoin. Since the retail giant has not yet implemented Bitcoin into their payment method Purse.IO is creating a platform on top of Amazon. The next problem is buying BTC with credit card. Sure you can go to coinbase, but that requires time to setup, time to verify, …
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