ShapeShift.io Integrates BitShares and BitUSD into Instant Exchange
ShapeShift.io has integrated the BitUSD and BTS digital assets into its instant exchange platform. Consumers can now buy and sell BTS and BitUSD anywhere in the world instantly with Bitcoin, Ripple, Dogecoin, NXT, or over 15 other leading cryptocurrencies with ShapeShift.io.
The speed and convenience comes from the platform's minimalist design, with no signup process or account required.
As the digital currency ecosystem continues to rapidly grow, integration between platforms is accelerating. ShapeShift.io, which launched in August 2014, has risen quickly as the most convenient way to buy or sell the leading digital assets. The site has integrated over a dozen of these currencies to date, enabling instant conversion between all of them directly.
BitShares is a community that builds open-source software upon blockchain technology, enabling the creation of decentralized, autonomous companies (DACs). BitShares uses an analogous core token with the same name (Bitshares, traded as symbol BTS). The platform's market pegged assets track the value of conventional assets such as the US dollar or gold. BitShares’ BitUSD asset is specifically pegged to the value of $1 USD.
“Bitcoin kicked off a cambrian explosion of digial asset development,” explained ShapeShift CEO Beorn Gonthier.
“Those assets which bring unique functionality to this new financial technology are added to our platform, and BitShares' assets have been highly anticipated.”
ShapeShift's model has set a new standard for security and consumer protection by offering conversion services without the need for user accounts or deposits. After the cryptocurrency exchange MintPal collapsed in October 2014, losing user funds, traders have increasingly realized the risk of leaving money on deposit with any third party. ShapeShift's innovation is to operate more like a vending machine, in which a customer instantly deposits one coin and receives another one, with no significant period of trust or custodianship required.
Interested web services can now utilize the ShapeShift API to instantly accept payment in BitUSD or BitShares. The payment will then be instantly converted to Bitcoin, or any other digital asset in which the site prefers to hold value.
Bitshares’ BTS holds a current Market Cap of $27.7 million, while BitUSD hold a Market Cap of $849.8 thousand.
ShapeShift formed in Summer 2014 to provide instant Bitcoin and altcoin conversion. The platform (available in both web and API flavors) represents the fastest, most efficient way to convert between coins within the Bitcoin ecosystem. It does not require the user to have an account.
The Swiss company has a strict “No Fiat” policy, meaning it does not use banks or
political currencies anywhere in its operations.
For more information visit http://www.shapeshift.io/, http://facebook.com/shapeshiftexchange/ or follow on Twitter at @shapeshift_io
The BitShares industry comprises a large community of programmers, cryptographers and enthusiasts. Initially bootstrapped by Invictus Innovations Incorporated, BitShares today consists of many partnerships between corporate entities, investors, developers, and entrepreneurs all cooperating or competing to build DAC technology.
Learn more about Bitshares on http://whatisbitusd.com/ or through http://BitShares.org/