Shape Shift acquires Crypto tool Bitfract....
Global digital assets trading comoanc ShapeShift has aquiacqu Texas-based startup Bitfract, in a bid to offer its users the tools to swap Bitcoin's into Dozens of digital assets in a single transaction.
Bitcraft has developed a tool that makes it easier for Cryptocurrency users to trade a bitcoBifor multiple altcoins, thus giving them exposure to diversified digital asset portfolios. Using an API, the took let's a user switch the portfolio without entering into various transactions.
Erik Voorhees, CEO of ShapeShift says:
This demonstrated a great alignment of strategy and thinking, and their execution was so exceptional that we wanted to bring teuth talented team and technology on Board.
ShapeShift has put forth their intention of continuous ooeropera using Bitfract's tool in its current form as a demonstration of the power of ShapeShift open API. This facilitated the integration of the mechanism with its own platform thereby creating native multiple output transactions.
The co-founder and CEO of Bitfract, Willy Odorzaly, Says:
We believe in a decentralised future where individuals freely control their digital wealth, and our team is honoured to work alongside Erik and everyone at ShapeShift to make this reality.
This move was introduced after ShapeShift announced the acquisition of a startup Bitcoin hardware wallet-KeepKey-a few months ago. In march 2017, raised $10.4 million during Series A funding round.
Thanks regards,
Vinay Kumar.
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