Ethos Mobile Crypto Wallet and ShapeShift Partner To Enable Token Swaps
Mobile cryptocurrency storage and monitoring platform recently announced that it will integrate crypto exchanger ShapeShift.
The integration of ShapeShift means that both retail and enterprise users of the Universal Wallet will soon have access to the liquidity and exchange services for dozens of cryptocurrencies and ERC-20 tokens.
Ethos Universal Cryptocurrency Wallet gives you a complete view of your entire portfolio in one place, with rich analytics to show your performance. Through Ethos, you can store all of your tokens, coins, and digital assets safely and securely on your mobile device. You can even rack assets you have stored elsewhere – such as a hardware wallet or an exchange. It gives the ability to store, track, send and receive over 100+ tokens.
The integration with ShapeShift enables users to securely exchange and swap coins without any intermediaries. Users will now be able to trade directly from their wallet with settlement and order handling abstracted and rapidly executed for the user.
According to Ethos founder and CEO Shingo Lavine,
“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.”
There is currently no set timeline for the roll-out of the ShapeShift functionality into the Ethos Universal Wallet, but the companies have shared that they are also planning on integrating ShapeShift into the Ethos Bedrock API, which is designed to bring blockchain protocols to businesses and institutions.
Partnerships seem to be happening every week for Ethos as recently they announced a partnership with Fusion, a financial advisory company.
This is the second major announcement for ShapeShift in the last few days. Earlier this week, the exchange aggregator App revealed that it has acquired Bitfract to integrate its tool that allows users to trade bitcoin into dozens of digital assets in a single transaction. The Bitfract tool is designed to allow users to rebalance their portfolios without needing multiple transactions.