Erik Voorhees who was one of Bitcoin’s earliest adopters back in 2011, who later on founded ShapeShift.io has launched the first iOS cryptocurrency trading app in App Store. According to the people close to him the latest app helps Apple users exchange Bitcoin and 34 other virtual currencies with just a tap on their phones.
Thus, coming from the self-described “political ideologue” Erik Voorhees, the latest iOS cryptocurrency trading app in App Store is another example that is being set by him. Three years and a couple Bitcoin startups later, Erik found himself frustrated with the thought of wasting an entire afternoon setting up an account on a Bitcoin exchange to buy cryptocurrency.
This prompted him to make the process easier and soon he realized that instant crypto exchange platform ShapeShift.io is the solution. Now, the launch of ShapeShift’s iOS app—the first iOS cryptocurrency trading app in the App Store—users can now exchange Bitcoin and 34 other digital currencies with just a tap of their iPhones.
Interestingly enough, for now, ShapeShift is only available on iOS. However, Voorhees makes it clear that an Android version is coming soon. Nonetheless, as his seven-person team decided to start with iOS first because they anticipated more resistance from Apple’s carefully guarded App Store than from the Google Play Store, it will be easier for users thereon.
Elaborating the latest app Erik Voorhees said that he wanted to do the Apple one first because Apple makes it tricky to get Bitcoin apps approved. He also added that it was actually an extremely fluid process and he guesses the ghost of Steve Jobs was looking out for him. Nonetheless, Voorhees created ShapeShift for its convenience.
Rich Features for Traders
However, quickly realized that security was one of the instant exchange’s best features because ShapeShift does not store any currency or user information, its users are not at risk for losing their Bitcoin in a Mt. Gox-esque takedown. He expects that the app to increase the number of transactions occurring on the exchange.
Nonetheless, the exchange received 13,000 orders in May, and is witnessing a phenomenal growth of 20% per month. Additionally, as ShapeShift users had been demanding a mobile app to trade Bitcoin at ease, this is an apt solution. The exchange charges a very low transaction fee on trading orders; this is going to be a major attraction for traders.
To contact the reporter of this story: Deepak Tiwari at email@example.com