Decentralized Marketplace OpenBazaar Integrates ShapeShift, Allowing Payment with Any Digital Asset

Decentralized Marketplace OpenBazaar Integrates ShapeShift, Allowing Payment with Any Digital Asset

Customers now able to purchase from OpenBazaar shops using Ethereum, Zcash, and cryptocurrencies.

Today ShapeShift.io, a blockchain asset exchange platform, has partnered with online bitcoin-enabled marketplace OpenBazaar via their integration of the ShapeShift Shifty Button. This integration allows OpenBazaar shoppers to purchase items from the decentralized, peer-to-peer site with Ethereum, Zcash, Ripple and dozens of other leading digital currencies beyond Bitcoin.

OpenBazaar, which launched in April 2016, is an open source project with the goal to create a decentralized network for peer-to-peer online commerce using bitcoin. The platform allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts. Prior to the company’s Shifty Button integration, OpenBazaar was only available to those who had Bitcoin to deposit. Sellers can now accept dozens of digital assets.

“Enabling users to pay for OpenBazaar purchases with bitcoin and dozens of other cryptocurrencies was always something we wanted to do and ShapeShift enabled us to do that quickly and easily,” said OpenBazaar CEO and Project Lead Brian Hoffman. “Our community has been very eager for this feature and we’re happy to be able to provide it through a great partner.”

The ShapeShift Shifty Button provides websites the option of accepting dozens of leading digital currencies by generating an easy-to-implement snippet of code. The Button’s code is free and open source and has been integrated by dozens of bitcoin-friendly merchants to broaden customer payment needs quickly and easily.

“We feel a distinct kinship with the OpenBazaar project, both companies foster permissionless exchange between anyone, anywhere on Earth,” said ShapeShift CEO and Founder Erik Voorhees.

As one of the most talked about commerce projects in the blockchain space in 2016, OpenBazaar took home three of five awards during the 2016 Blockchain Awards in New York City in May including ‘Best New Startup,’ ‘Bitcoin Champion of the Year’ and ‘Most Promising Consumer Application.’ They announced $3 million in new funding this month, led by BlueYard, a Berlin-based VC, with participation from Andreessen Horowitz and Union Square. The integration with ShapeShift follows the pattern of connections being rapidly formed between “fintech” companies as they innovate within the new payments and digital money industry.

About ShapeShift.io

ShapeShift is a crucial piece of infrastructure in the world of Bitcoin. From start to finish, users can exchange blockchain tokens in seconds, with no account required. No emails or passwords. No lengthy sign­up process. No accounts. No bid and ask orders. No friction. ShapeShift's goal is the fastest, safest, and most convenient way to swap digital assets.

See more at: https://shapeshift.io/

About OpenBazaar

OpenBazaar is an open source project to create a decentralized network for peer to peer commerce online—using Bitcoin—that has no fees and no restrictions. It’s a different way to do online commerce. Instead of visiting a website, you download and install a program on your computer that directly connects you to other people looking to buy and sell goods and services with you. This peer to peer network isn't controlled by any company or organization - it's a community of people who want to engage in trade directly with each other.

Learn more here: https://openbazaar.org/


Related News

Save Those Bits! You Can Now Spend Over 35 Altcoins at OpenBazaar

OpenBazaar, the decentralized e-commerce platform, has partnered with ShapeShift allowing users to buy products with their favorite altcoins. OpenBazaar: Altcoins Now Accepted. OpenBazaar has announced the release of its 1.1.10 version. The new integration of the Shifty Button, a free to use and open-source tool created by ShapeShift, now allows customers to buy products with various altcoins such as Monero, Ether and over thirty others. The new option might certainly come in handy for users wanting to hold on to their bitcoin as it shoots past $800. OpenBazaar CEO Brian Hoffman states:....

Openbazaar Integrates Tor – The Platform’s Most Requested Feature

The decentralized marketplace Openbazaar has been continuously building its platform since inception. Now the Bitcoin-powered marketplace has finally merged Tor integration into the Openbazaar platform adding a long-awaited layer of privacy to the program. ‘Tor the Most Requested Feature By Far’. Openbazaar is a different approach to ecommerce. Through....

OpenBazaar: Blazing The Trail For Bitcoin Commerce Without Barriers

Described as the "BitTorrent of eCommerce", OpenBazaar is a fork of DarkMarket. Like it's predecessor, OpenBazaar is an open source proof-of-concept decentralized marketplace that aims to be highly censorship resistant. OpenBazaar leverages the Bitcoin protocol as the means to accomplish this via peer-to-peer nodes loosely based on Kademlia. What's more, is that there will be no fees involved to trade within the OpenBazaar marketplace; whereby allowing sellers to escape the restrictiveness and unheavenly fees imposed by eBay. OpenBazaar Ricardian Contracts. Another intriguing aspect that....

OpenBazaar Now Accepts Altcoins with Shapeshift Integration

OpenBazaar customers can now buy in the open-source marketplace using Zcash, Ethereum, Ripple and other altcoins in addition to bitcoin, thanks to an integration with ShapeShift.io, via its Shifty Button. OpenBazaar, an open-source project that launched in April 2016, allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts. Before the Shifty Button integration, OpenBazaar was only available to those who had bitcoin to deposit. Sellers can now accept dozens of digital assets. Customers Sought Feature. “Enabling users to pay for....

OpenBazaar Partners with Bitcoin and Altcoin Exchange Shapeshift

The integration paves way for transactions using cryptocurrencies like Bitcoin, Ethereum, Zcash, Monero, Dash etc on the platform. The blockchain asset exchange platform ShapeShift and the online bitcoin-enabled marketplace OpenBazaar have entered into a partnership via the former’s integration of the ShapeShift Shifty Button. The integration paves way for transactions using cryptocurrencies like Bitcoin, Ethereum, Zcash, Monero, Dash etc on the platform. In simple words, customers will now be able to purchase from OpenBazar using digital assets. Launched in April 2016, OpenBazaar is an....