THELOGICALINDIAN - ShapeShift has accurate to be one of the best accepted casework to be accessible in the basic bill ecosystem today Accepting the advantage to barter Bitcoin and over 40 added basic currencies intermittently after accepting to annals for an annual or complete a analysis action has admiring a lot of absorption Earlier today account bankrupt about ShapeShift adopting US16m in allotment to added aggrandize their account
Also read: Shapeshift Incorporates Ethereum into Altcoin Exchange Platform
ShapeShift Clinches Funding From Roger Ver And Others
It is no abstruse that there is a lot of adventure backer funds at comedy in the Bitcoin ecosystem. This year alone, added VC funds has been invested in Bitcoin projects compared to the bulk invested during the absolute year of 2014. ShapeShift is the latest aggregation in a continued account of companies to accept addition annular of funding, for a absolute of US$1.6m.
Back in July of this year, ShapeShift surpassed the US$2m beginning in transaction volume, which is absolutely an amazing feat. What makes ShapeShift so attractive, compared to added basic bill barter platforms, is the actuality that users do not charge to assurance up for an account. Additionally, ShapeShift banned to accord with authorization currency, admitting added exchanges are added than blessed to do so.
But that is not, as all users visiting and application the ShapeShift website abide absolutely bearding from one another. Even the ShapeShift aggregation has no abstraction area these barter are advancing from, nor are they absorbed in award out. In the end, this belvedere is far added defended for all parties involved, and affairs are completed abundant faster.
Putting things into perspective, the ShapeShift belvedere acquiesce over 1,300 altered basic bill barter combinations, including accepted bill such as Bitcoin, Litecoin, and Dogecoin. Not all of the accurate basic currencies are in aerial appeal all the time, but the actuality they are accurate on ShapeShift agency the aggregation believes these bill authority some abeyant for the future.
Erik Voorhees, Founder and CEO of ShapeShift, stated the following:
“I launched this activity to authenticate that bill barter could be handled absolutely abnormally than annihilation done before,” said Voorhees. “Cryptocurrencies accustomed non-custodial exchange, afterwards users accepting to assurance up or actualize accounts. This is absurd with authorization currencies, and yet every Bitcoin barter was modeled afterwards authorization bill exchanges. ShapeShift, like SatoshiDICE afore it, approved how an old business could accomplish in a cast new way because of the backdrop of cryptocurrencies.”
Among the account of investors are Roger Ver, Bruce Fenton, Michael Terpin, Trevor Koverko and the Digital Currency Group.
What are your thoughts on this new annular of allotment for ShapeShift? Let us apperceive in the comments below!
Source: TechCrunch
Images address of TechCrunch, ShapeShift
