Shapeshift launches a self-custody trading application for Android and iOS users
The Shapeshift self-custody crypto-currency platform has launched a mobile commerce application for iOS and android users to buy and sell digital assets such as Bitcoin (BTC) and Ether (ETH) without trusting them with their private keys.
The application, which only requires users to use an email address and password to log in, currently supports Bitcoin Evolution, ETH, Litecoin (LTC), DigiByte (DGB), and TrueUSD TUSD and ERC-20 tokens. Shapeshift CEO and founder Erik Voorhees said the mobile application will give users self-sufficient financing anywhere:
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„As traditional financial systems become increasingly tenuous, Bitcoin offers shelter and empowerment. We are here to make it easy.“
Shapeshift says users in all 120 countries, including the U.S., have access to the application:
„Our new application gives you the power to trade at competitive rates and buy Bitcoin in more than 120 countries, all while enjoying self-custody of your cryptos.
The application is the culmination of six years of development and also allows users to buy Bitcoin with a credit or debit card.
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It’s not perfect.
Although the application has been launched in its entirety, multiple users reported errors to the company via Twitter:
Shapeshift is growing rapidly
Shapeshift has made multiple announcements this year despite the difficult conditions created by the COVID-19 pandemic. In February of this year, the company announced the hiring of former Apple engineer and PayPal executive Lisa Loud as COO as part of its expansion strategy.
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Two months later, Shapeshift acquired the Israeli Portis kryptonet. With this acquisition, along with the mobile application, users will soon be able to access multiple decentralized financial services from a single account.
Just days earlier, London-based Revolut bank added the ability to purchase BTC and ETH through its mobile banking application, announcing that more crypto-currencies will be added for US-based customers in the future. European users can also purchase Litecoin, Bitcoin Cash (BCH), and XRP.