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.
Cobo: The Long-Awaited Chinese Wallet Raises $13 Million In Series A Funding
“Cobo’s unique approach redefines the concept of crypto asset management and creates new opportunities for investors. The team leverages their extensive blockchain experience to help safeguard users’ assets while also generating returns for their benefit. We believe Cobo will lead an entirely new user experience for PoS coin holders.”The Cobo Wallet also supports a couple of Proof-of-Work and Delegated-Proof-of-State coins and about 500 tokens. As such, it is proof that despite last year's ban on cryptocurrency trading in China, it did not fail to introduce the domestic (and foreign) markets with a completely new wallet service.
Stablecoins: Could They End The Decentralization?
Binance Is Looking For Ways To Add Stablecoins To Its Platform
"As a whole, we believe things will even out. We will continue to support USDT,"Binance's interest in expanding its stablecoin options predates Tether and its recent break out of the buck. The exchange right now has support for Paxos Standard (PAX) and TrueUSD (TUSD) aside from Tether's USDT support. Right now, Wei said that the Binance research team is evaluating almost all the other stablecoins on the market - with a particular interest for adding the Gemini Dollar (GUSD) backed by the Winklevoss twins.
"Rather than hold bitcoin, [institutions] actually prefer to hold more stablecoins, because the dollar is still the default currency in some of these countries. That's just one use case that we've seen that's different in this part of the world, versus other parts of the world," Zhou concluded while speaking to Binance's recent expansion in Uganda.
Tether (USDT) Moved $610 Million Out Of Circulation This Month
Join us on Facebook
- CEO Of Major Russian Bank Says Blockchain Will Be ‘Ready’ In 3-5 Years
- The Number Of Crypto And Blockchain Jobs Have Increased By 300% From Last Year: Report
- (Lost) Bitcoins Have A 20% Recovery Rate: Survey
- Cobo: The Long-Awaited Chinese Wallet Raises $13 Million In Series A Funding
- Stablecoins: Could They End The Decentralization?
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
10oct(oct 10)9:00 am11(oct 11)6:00 pmCrypto Economics Security Conference 2018We think the blockchain space needs more academic presence.9:00 am - 6:00 pm (11) Hilton Union Square, San Francisco, 333 O'Farrell St, San Francisco, CA 94102
Blockchain News2 days ago
ZebPay Acquires New Name And Registers An Office In The Blockchain Island Of Malta
Altcoin News3 days ago
Retail Investors Can Now Buy & Sell The Ethereum Token 0x On Coinbase
Bitcoin News3 days ago
Bitcoin User Moved 29,999 BTC ($194m.) Paying A $0.1 Fee
Bitcoin News2 days ago
Bitcoin Futures Trading: Daily Volume Is Now Up 41% Over Q2, CME Report Notes
Analysis2 days ago
Analysts Predict That Bitcoin’s Price Is ‘Unlikely To Fall Below $6,000’ In The Near Future
Blockchain News2 days ago
Ticketing Giant Ticketmaster Will Improve Its System By Using Blockchain Technology
Bitcoin Scams20 hours ago
Largest Nordic Financial Group That Banned Bitcoin Gets Caught Up In A Money Laundering Scandal
Bitcoin News1 day ago
New Research Shows That Bitcoin’s Price Is Not Linked To BTC Futures And Expiration Dates