Bitcoin Marketplace OpenBazaar Now Accepts a Variety of Cryptocurrencies

Thursday, 22/12/2016 | 10:30 GMT by Avi Mizrahi
  • The decentralized peer-to-peer platform has integrated ShapeShift's Shifty Button supporting dozens of cryptocurrencies.
Bitcoin Marketplace OpenBazaar Now Accepts a Variety of Cryptocurrencies
FM

ShapeShift.io, an instant digital asset exchange for Blockchain tokens, has partnered with online bitcoin-enabled marketplace OpenBazaar via their integration of the Shifty Button. This integration allows OpenBazaar shoppers to purchase items from the decentralized, peer-to-peer site with Ethereum, Zcash, Ripple and dozens of other options beyond just Bitcoin.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

“Enabling users to pay for OpenBazaar purchases with bitcoin and dozens of other Cryptocurrencies was always something we wanted to do and ShapeShift enabled us to do that quickly and easily,” said OpenBazaar CEO and Project Lead Brian Hoffman. “Our community has been very eager for this feature and we’re happy to be able to provide it through a great partner.”

OpenBazaar, which launched in April 2016, is an open source project with the goal to create a decentralized network for peer-to-peer online commerce using bitcoin. The platform allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts. The open-source project promises an alternative to the centralized online shopping experience offering more freedom via cryptocurrencies.

The ShapeShift Shifty Button provides websites the option of accepting dozens of cryptocurrencies by generating a snippet of code. Prior to the company’s Shifty Button integration, OpenBazaar was only available to those who had Bitcoin to deposit, now sellers can accept dozens of digital assets.

Erik Voorhees, CEO, Shapeshift

Erik Voorhees, CEO, Shapeshift

“We feel a distinct kinship with the OpenBazaar project, both companies foster permissionless exchange between anyone, anywhere on Earth,” said ShapeShift CEO and founder Erik Voorhees.

ShapeShift.io, an instant digital asset exchange for Blockchain tokens, has partnered with online bitcoin-enabled marketplace OpenBazaar via their integration of the Shifty Button. This integration allows OpenBazaar shoppers to purchase items from the decentralized, peer-to-peer site with Ethereum, Zcash, Ripple and dozens of other options beyond just Bitcoin.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

“Enabling users to pay for OpenBazaar purchases with bitcoin and dozens of other Cryptocurrencies was always something we wanted to do and ShapeShift enabled us to do that quickly and easily,” said OpenBazaar CEO and Project Lead Brian Hoffman. “Our community has been very eager for this feature and we’re happy to be able to provide it through a great partner.”

OpenBazaar, which launched in April 2016, is an open source project with the goal to create a decentralized network for peer-to-peer online commerce using bitcoin. The platform allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts. The open-source project promises an alternative to the centralized online shopping experience offering more freedom via cryptocurrencies.

The ShapeShift Shifty Button provides websites the option of accepting dozens of cryptocurrencies by generating a snippet of code. Prior to the company’s Shifty Button integration, OpenBazaar was only available to those who had Bitcoin to deposit, now sellers can accept dozens of digital assets.

Erik Voorhees, CEO, Shapeshift

Erik Voorhees, CEO, Shapeshift

“We feel a distinct kinship with the OpenBazaar project, both companies foster permissionless exchange between anyone, anywhere on Earth,” said ShapeShift CEO and founder Erik Voorhees.

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2727 Articles
  • 10 Followers
Azi Mizrahi, expert in fintech trends and global markets, enriches readers with deep insights.

More from the Author

CryptoCurrency