WAVES Support Added to ShapeShift

Instant-exchange app ShapeShift has added WAVES to its list of currencies, allowing anyone to buy and sell the currency without registration or slippage. ShapeShift does not require any information from its users. Instead of signing up with an email address and password, before depositing and trading cryptocurrencies, users send one crypto coin to ShapeShift and receive another directly into their designated wallet address.

Multiple pairs are available for most coins on ShapeShift, allowing users to exchange one altcoin for another without going through an intermediary bitcoin stage. Moreover, because it aggregates order books from different exchanges, ShapeShift allows conversion of one coin to another without slippage: a single price is quoted for a given amount of digital currency.

Waves Platform CEO, Sasha Ivanov commented: “We’ve very pleased that ShapeShift has added WAVES. Waves platform was created to make blockchain technology accessible to mainstream users and easy for businesses to build applications on. ShapeShift’s instant-exchange approach is a great example of how a user-friendly app can revolutionise the way people engage with crypto, so we’re really happy to have this functionality added to the Waves ecosystem.”

The Waves Platform was crowdfunded in June 2016 and raised almost 30,000 BTC for marketing and development – at the time, around $16 million. Aiming for mass adoption, Waves offers a familiar and straightforward user experience, high speed and scalability and token operations. It is possible to create and distribute a new custom application token in minutes on the Waves blockchain. A number of businesses have launched Waves-based ICOs of their own – with more on the way in the near future.

Ivanov explained: “We wanted to make Waves the ideal solution for blockchain-based crowdfunding and fiat transfer. After several months of intense development, we’re now in a position to be able to market Waves to businesses and really start to make a difference in the fintech sphere. The coming months are going to be very exciting.”