Bitcoin marketplace Purse has announced its partnership with bitcoin wallet provider Mycelium aiming to educate users on new ways to spend their bitcoin.

“Partnering with wallet services in particular, like Mycelium, are a great way for individuals to get introduced to bitcoin. Mycelium is a trusted wallet service used by many all over the world; and, one with an impressive user base”, Purse said in an online post.

Purse further said that this partnership will provide Mycelium a revenue stream, enabling it to continually deliver new features and integrations to its users. With this partnership, Mycelium app users will be now directed to value-adding platforms like Purse where they spend their bitcoin and shop for goods at a discount.

“This partnership will go live in the coming weeks, and users of the Mycelium wallet will be able to discover Purse right from the Mycelium mobile app; with the potential for deeper integrations in the future as we continues to expand our service”, Purse added.

In a blog post, Mycelium said that developing, maintaining, and supporting its platform is not free, adding that it aims to break even this year. It said that self-financing makes the product more viable in the long term, ensures continuous development of new features, and enhances the quality of its support.

“Mycelium has built several revenue streams for a few years through added value services. We are now increasing the number of revenue streams and making them easier to discover and to use”, it said.

Mycelium noted that there is currently a high interest in bitcoin and other cryptocurrencies, attracting many new users who need to learn how to secure their funds and how to use them.

“We believe our partnerships help them discover this information more easily”, it added.