Eric Voorhees and his 7 member crew at ShapeShift.io have positive been busy. A latest spherical of funding that raised 525,000 GBP from Roger Vers and Barry Silbert in March. Come June and voila, this new iOS Cryptocurrency app. A more in-depth take a look at the app and it turns into evidently seen that the app carries the identical DNA of the ShapeShift.io internet platform, not simply within the interface and ease, but additionally within the technique and philosophy in the direction of cryptocurrency.
No Accounts, No Signal-in
The final time anybody tried changing their cryptocurrencies in a standard exchange- the consumer for positive is aware of the time and ready that goes into the approval and clearance course of. Not with ShapeShift. Shapeshift claims to be the quickest and the simplest method to convert altcoins. The skeuomorphic analogy that Shapeshift’s customers on Reddit have been associating with is that of a merchandising machine. A merchandising machine doesn’t ask the consumer for a reputation, handle, ID Proof and doesn’t need to know the shopper. An nameless decentralized community ought to work simply the identical. That is what Shapeshift practices.
Shapeshift Supported Cash
Shapeshift, on the time of writing helps the next cash:
– Sprint (previously Darkcoin)
– And extra!
To remain up to date on the standing of recent cash added, the iTunes store’s app page is an efficient place to go to.
The Web has gone cell and it makes logical sense for the cryptocurrency merchandise and exchanges to go cell as nicely. Shapeshift CEO Eric Voorhees has spoken prior to now about how ‘archaic’ the method of cryptocurrency exchanges are.
CryptoCurrency In, Cryptocurrency Out
Shapeshift as an alternate is a crucial step within the lengthy journey of the digital forex business. Particularly, for the shortage of a greater time period, let’s simply name it Cryptocurrency-In-Cryptocurrency-Out(CICO). This concept takes fiat and traditional currencies out of the image, there by paving means for a purist digital forex alternate. Which allows Shapeshift to have the benefits of pace, safety and the benefit of a merchandising machine. Exchanges have been performing as banks and ATMs. A merchandising machine may simply be the suitable analogy to look behind and progress ahead.