Ethos, a multi-cryptocurrency wallet provider, announced on Friday that it has integrated with ShapeShift.io, a digital marketplace for Bitcoin and other blockchain tokens. This means customers of Ethos will now have access to ShapeShift’s liquidity and exchange services for dozens of cryptocurrencies and tokens.
The Ethos Universal Wallet allows customers to store, trade, send, and receive more than 100 tokens. By partnering with ShapeShift, users will be able to initiate trades from their wallet. This means customers can exchange and swap coins without needing an intermediary.
Commenting on the partnership, Ethos founder and CEO, Shingo Lavine, said: “Ethos provides the infrastructure for a more robust digital economy that is truly easy to use and accessible to the average person. We want to partner with leading companies in the space to provide the best possible service while preserving the ideals and allure that cryptocurrencies hold.”
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The Ethos Wallet is decentralized, and customers can create and own private SmartKeys to secure personal digital vaults. The wallet is based on foundation platform Bedrock. The company is made up of financial and technology veterans with employees coming from Deloitte, Blackrock, Merrill Lynch, and UBS to name a few. The company is headquartered in Singapore.
ShapeShift AG, on the other hand, is headquartered in Switzerland. It offers a suite of crypto products such as ShapeShift.io, CoinCap, Prism, and KeepKey. ShapeShift.io is an online marketplace that allows its customers to buy and sell crypto assets. This includes Bitcoin (BTC), Ether (ETH) and Litecoin (LTC).
Ethos to utilize ShapeShift to further enhance Bedrock
The crypto wallet provider also plans to utilize ShapeShift as an offering in its Bedrock product and services. Bedrock is an API that allows blockchain protocols to be easily accessible for businesses and institutions.
According to the statement, the two companies are aiming to build regulated, enterprise-ready service offerings. These will be made available to users and institutions around the world.