A global digital asset trading company ’Shapeshift’ has recently proclaimed the acquisition of Bitfract – a firm that enables users to convert Bitcoins into different different digital currencies in just a single transaction.
As per the company’s official web blog post, the Bitfract tool introduced will simplify the shopping experience for users permitting them to rebalance their digital currencies very easily and quickly.
The Founder and chief operating officer of Shapeshift ‘Eric Voorhees’ praised the Bitfract team for this achievement and stated:
“The Bitfract team created skilled use of ShapeShift’s open API to create a product that we were plaining to develop ourselves. This excellent alignment of strategy and thinking, and thereafter its execution was therefore unexceptional and we are wishing for their team to join us.”
Using Bitfract tool features, customers will gain exposure to a different digital assets while creating just a single transactions —thereby saving time and cost.
The CEO and co-founder of Bitfract ‘Willy Ogorzaly mentioned the development of this new feature as:
“We believe in a decentralised future where people freely manage their digital wealth, and our team is honoured to figure aboard with Erik and everybody else at ShapeShift to form this a reality from dream.”
The functionality of the Bitfract tool is kept very easy. It converts Bitcoin to any other Altcoin currency by transferring the actual bitcoin to the company’s address, further linking to Shapeshift’s open API available to convert it into other different digital currencies in a single go.
With the addition of this feature to Shapeshift, the company is able to further expand its services globally.