[2015-12-07] Purse Announces $1 Million Funding, “Secret Bitcoin Project” Tritiu

[ezak]

Purse Announces $1 Million Funding, “Secret Bitcoin Project” Tritium



Purse, a startup specializing in helping online shoppers save when paying with bitcoin, has secured $1 million in funding from Barry Silbert’s Digital
Purse lets users sell off their unwanted Amazon gift cards at a discount, in exchange for bitcoins paid by the buyer. Users have reported savings of 10% to 20% on merchandise through the service.

The funding round, reported by CoinDesk, is the startup’s second in roughly a year. Previously, it secured $300,000 in funding to build new apps and improve the user experience. Its platform has since added new merchants in addition to Amazon.

As part of the announcement, Purse mentioned a “secret Bitcoin project” called Tritium, which would bring “new value to consumers and partners.”

Tritium, in its physical definition, is a radioactive isotope of hydrogen. Its nucleus contains three components: two neutrons in addition to the standard proton.

The funding is the industry’s first this month, which is likely to be a quiet one. Crypto industry investment this quarter has been relatively sparse, continuing a downtrend that started earlier this year. $27 million in investments have been announced this quarter, versus $117.6 million in Q4 2014, according to Finance Magnates data.

Venture investment has been increasingly shifting toward blockchain technologies, with decreasing focus on bitcoin as a currency.


http://www.financemagnates.com/cryptocurrency/news/purse-announces-1-million-funding-secret-bitcoin-project-tritium/

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[Carlton Banks]

Hmmmm.

As much as I like Purse.io, throwing around contradictions-in-terms like "secret project" doesn't inspire interest (or confidence). If the idea needs psychological marketing tactics to get attention, it's almost certainly not very good.

[Snorek]

I don't like the idea of secrecy about it, if they are not ready to talk about it, so why they announce something like that? But from the other hand it is good, that Purse is focusing efforts on bitcoin.
And not divide attention to block chain tech, creating their own altcoin or other useless, in the long run, ideas.