TLDR:
“Buyers” upload Amazon wishlists with items they want to buy. They select what discount below the spot value of their order, typically 0-15%, and pay in Bitcoin. Their order is uploaded to an “order book” that “sellers” can see.
“Sellers” fulfill their Amazon order with fiat or Amazon gift cards and get the Bitcoin.
IIRC Purse had to hold the Bitcoin in escrow, which is where they probably ran into custodian/MSB regulatory risks. They also had no KYC, except email.
Is there any better way to make this, perhaps using Nostr? #asknostr
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