Purse.io Will Continue Operating Under New Leadership
- One of the most influential early bitcoin startups has reversed its decision to terminate all operations.
- Early Purse investor Roger Ver most was most certainly involved in bringing the popular service back to full functionality.
As previously speculated, the value that the Purse.io service and its branding brings to the Bitcoin ecosystem turned out to be worth significantly more than the financial losses it was generating – at least in the eyes of major investors.
So in a quick turn of events, Purse is now back to being fully operational with no intention of closing down soon.
The homepage of the website reads:
Since making the announcement last week, we have received numerous inquiries from parties interested in continuing Purse under new leadership. All features will remain functional including Shop and Earn. Please stay tuned for updates and thank you all for your amazing support!
While no details have been announced about the new leadership, early Bitcoin investor and Bitcoin Cash proponent Roger Ver most certainly played a huge role. He teased about his work in progress the day before on the /r/btc subbreddit which he frequents. Throughout the years he has arguably been the most vocal proponent of using cryptocurrency as cash – and no service has introduced this concept to new users better than Purse.
Whether the transition to the new leadership goes smoothly remains to be seen. Given Bitcoin.com’s recent restructuring to a leaner company with a smaller payroll, an expenditure cut for Purse.io is also more than likely.
In the ever-evolving world of online entertainment, Bitcoin gaming is no longer just a niche interest for cryptocurrency enthusiasts. With the rise of blockchain technology, Bitcoin games have become a significant trend, drawing in players from all corners of the globe with the promise of transparent gaming experiences and financial incentives. As this new frontier […]
Freepik
- Thanks to the emergence of cryptocurrencies and technologies such as blockchain, gambling enthusiasts now have access to a new breed of games: provably fair crypto games.
- Such games leverage blockchain technology and use encryption standards to reassure users that their chances of winning are accurately determined without outside influence.
- Roger Ver admitted that he owns equity in the Seychelles company which runs CoinFlex.
- While unable to provide details about the margin call situation, Ver reaffirmed his position that CoinFlex owes him money and not the other way round.