ShapeShift AG is a Swiss-based trading platform and they announced that they obtained Bitfract-a software company that makes possible for users to swap bitcoins into other digital assets in just one transaction.
This tool is really game-changing because it simplifies the most important process of buying. Bitfract will enable investors to rebalance their portfolios in just a few easy steps. The founder and CEO of ShapeShift expressed his satisfaction and explained how impressed he is with the team behind Bitfract and the readiness of the team to deliver an amazing tool that ShapeShift itself wanted to build.
He explained how the team used ShapeShift’s open API in order to create such an amazing product. Now using this tool, users can gain exposure to a cryptocurrency portfolio that is extremely diverse with digital assets without having to spend a lot of money paying fees or spending time because everything happens in one transaction.
The CEO of Bitfract, Mr. Ogorzaly said that they firmly believe in a decentralized future where individuals will have total control over their digital wealth. The tool is great because is very simple to use. With it, users can convert bitcoin into any other cryptocurrency by sending BTC to a company’s address where the link to the open API is contained.
Bitfract has a lot of advantages because of its multiple output transactions that will also be incorporated in the ShapeShift’s platform too. This is also a great opportunity for new startups that are evolving every day especially those who use the open API.
BTC And Other Altcoins Push Trading Volumes To New Record Highs
Bitcoin Is Up Above $4,100 As Top 20 Cryptos See Green
Two Ohio-Based Companies Officially Paid Taxes With Cryptocurrency
“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
Samsung Confirms New Galaxy S10 Smartphone Will Have Built-In Crypto Wallet
Join us on Facebook
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News2 days ago
Charity Branch Of Binance Launches Pilot Blockchain-Based School Lunch Program
Bitcoin News1 day ago
Brian Armstrong Believes Hot Wallets Are Good Enough To Store Bitcoin
Altcoin News4 days ago
Crypto Market Adds $10 Billion, Currently With $134bn. In Circulation
Altcoin News2 days ago
Crypto Trading Volumes Jump To 300-Day Highs Following The Bullish Market-Wide Run
Blockchain News1 day ago
Educational Certificates In Malta Will Be Stored On A Blockchain
Analysis4 days ago
Bitcoin Nearing $4,000: The Chances Of A Larger Breakout Are Increasing
Ethereum News4 days ago
Craig Wright Calls Out Ethereum For Being Unable To Scale
Bitcoin News3 days ago
Samsung’s New Flagship Phone ‘Galaxy S10’ Comes With A Cryptocurrency Key Storage