Draper Goren Holm Releases Crypto Exchange Plugin for Wordpress

Tim Draper-backed venture studio has launched a WordPress plugin to facilitate cryptocurrency exchange features to any website.

Dubbed Wordpress Cryptocurrency Exchange, the plugin can be installed on any website running on Wordpress content management system (CMS), allowing the addition of crypto trading features or even creating an entire exchange.

Though promoted as a crypto exchange, the plugin uses an API of Totle, an open-source decentralized exchange, to facilitate the trading features. The plugin routes the trade orders to the decentralized exchange, enabling the website owner to collect the fees for order execution.

The website owners can also offer swap services with digital currencies including ETH, DAI, BAT, and WBTC.

Totle can be used to facilitate an array of services including the execution of crypto swaps, sending Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, fetching price data on asset pairs, and query exchanges.

“Using Totle’s API, I created a way for anyone to add a decentralized crypto exchange to their WordPress website,” the official website of the plugin stated. “It’s as simple as installing the plugin and typing [wpdex] into any page or post on your WordPress site.”

Embracing the decentralized functionalities

The plugin or the decentralized exchange does not have any storage facility for cryptocurrencies, making it secure for users as they need to use their personal wallet platforms.

Draper became a partner at Goren Holm in 2019, rebranding it as Draper Goren Holm. The venture studio invested in a number of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startups including Casper Labs, Blockchain Summit, and Ownera. Notably, Totle is also included in the venture studio’s portfolio.

The plugin might enable a large number of websites to facilitate crypto trading as around 35 percent of the internet is using Wordpress CMS. Wordpress has also been accepting payments in Bitcoin since 2015.