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321 sats \ 1 reply \ @vijo 11 Sep 2022 \ on: AMA - Ray Marceau, CEO of Purse.io bitcoin
Can you explain your businss model? How do you make money?
Great question! As one of the oldest Bitcoin utility companies, we do make money besides just hodling Bitcoin! We charge a service fee that’s based on the discount requested (ranges from 1.9-4.7%). For 10% discount or less, Purse charges Shoppers a 1.9% flat fee. With this revenue model, Purse requires a high volume for cost of goods sold.
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