ShapeShift.io Integrates Counterparty into Instant Exchange Platform

ShapeShift.io has integrated Counterparty’s currency XCP, into its instant altcoin exchange platform.

Customers globally can now buy or sell XCP instantly with Bitcoin or over two dozen other leading cryptocurrencies, according to ShapeShift.

There also is no signup process nor account required.

As the digital currency ecosystem continues to rapidly grow, integration between platforms is in demand and accelerating. Launched in August 2014, ShapeShift has integrated two dozen currencies to date, enabling conversion between all of them directly.

Live since January 2014, Counterparty is a free and open platform for peer-to-peer finance built on the Bitcoin blockchain. It allows users to engage in derivatives, games, unlocks advanced assets functionality and extends Bitcoin’s functionality from a payment network into a full-fledged financial platform.

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ShapeShift CEO and Founder Erik Voorhees explained:

As perhaps the most famous Crypto 2.0 platform, Counterparty has demonstrated a track record of innovation and professionalism. The Counterparty asset is a natural fit for ShapeShift.

ShapeShift’s declared goal is to be the fastest, safest, and most convenient way to swap digital currencies. ShapeShift’s avowed 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.

Websites can apparently utilize the ShapeShift API to instantly accept payment in XCP, the native currency of Counterparty, whereupon it will be instantly converted to Bitcoin, or any other digital currency.

 

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