Categories: Bitcoin Entertainment

ShapeShift Releases New Tool Allowing Merchants to Accept Payments in 10+ Cryptocurrencies

Click here to view original web page at
ShapeShift Releases New Tool Allowing Merchants to Accept Payments in 10+ Cryptocurrencies

ShapeShift releases the Shifty Button, a tool allowing online merchants to start accepting payments in 11 different cryptocurrencies, including Bitcoin and leading altcoins Litecoin, Dogecoin, and Darkcoin.

The Shifty Button is a free and simple HTML code, which can be placed into any payment page. When added to a website, users are then given the ability to deposit any of the altcoins supported by ShapeShift's exchange, including Litecoin, Peercoin, Dogecoin, Darkcoin, Namecoin, Feathercoin, Blackcoin, BitcoinDark, Quark, and Nubits. Altcoins are then automatically converted into bitcoins to the website owners.

"As the altcoin industry continued to grow over 2014, [we] realized that there was a definite need for an easy way for businesses to incorporate altcoin payment options onto their online stores," explained ShapeShift CEO Beorn Gonthier.

"The easier the process is, the more places altcoin users can buy goods online, and the more growth the altcoin community will see in 2015."

Industry leaders expressed respect to ShapeShift's innovative mindset and encourage its resolution to bring crypto to the masses. Director at the Litecoin Association, Andrew Vegetabile, told CoinTelegraph he has been a long time supporter and user of ShapeShift, stating:

"Shapeshift continues to innovate with this ease of integration [for] merchants that benefit the crypto ecosystem as a whole. [...] I love their service, and have used it multiple times. I can only hope that we see this kind of innovation with other companies in the future in order to make it easier for everyone to use [cryptocurrencies to pay] merchants."

"These kinds of plug ins really help with mass adoption in my opinion; the more general customers and webpages use Bitcoin or Darkcoin, the better for the whole industry," commented Philipp Engelhorn, press and media relations officier at Darkcoin.

He continued:

"The Shifty Button by ShapeShift is another great browser plug in, which makes Altcoin purchases much easier and accessible to the masses. Sure we prefer that people stay in the Darkcoin System due to privacy [concerns], but for general use and small purchases where Darkcoin is not accepted yet, ShapeShift's Shifty Button is great. Customers can ‘Darksend’ DRK into the system to stay private/anonymous or do regular transfers if they do not care about their privacy on that specific purchase."

Launched in August 2014 in Switzerland, ShapeShift is an instant cryptocurrency exchange that operates on a strict "No Fiat" policy, meaning it does not use any banks or governmental currencies in its operations.

ShapeShift offers conversion services for more than 10 cryptocurrencies, and is believed to be the fastest and most efficient way to convert between cryptocurrencies within the ecosystem. The service does not require user accounts, registration or deposits.

A lot of effort has been made during year 2014 to boost merchant adoption, and popular Bitcoin payment processing companies such Coinbase and BitPay, had quickly understood the necessity of allowing businesses to accept Bitcoin while given them the ability to hedge market risks through automatic conversion.

In December 2014, BitPay shared some fairly optimistic figures, stating that among its 44,000 clients user base, more than 10% keep all of their settlement in Bitcoin, about 40% keep a portion of their settlement in Bitcoin, and the remaining 50% convert it all to fiat currency, reported CCN.

Did you enjoy this article? You may also be interested in reading these ones:

Do more than buy & sell bitcoins. Boost your returns using up to 8x leverage and profit in rising or falling markets. Start investing from as little as $US10. Flexible to close out your position any time

The Shifty Button is a free and simple HTML code, which can be placed into any payment page. When added to a website, users are then given the ability to deposit any of the altcoins supported […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin’s Bulls Now Have a Target of $13.2K, Monthly Chart Suggests

View Bitcoin charted an "inside bar" pattern last month, making $13,200 the level to beat for the bulls. A convincing… Read More

6 hours ago

Japan to Solarize Its Burgeoning Digital Economy, Expert Take

Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies… Read More

6 hours ago

Mass Media’s Phony Freakout Over Bernie’s WaPo Criticism Is Backfiring

Authored by Caitlin Johnstone, After days of ridiculous, hysterical garment rending by mass media talking heads in response to Senator… Read More

12 hours ago

Quadriga CX Dukes It Out with “Failing” Auditing Firms

Quadriga CX , the crypto exchange in Canada that lost all access to customers’ funds when its founder passed away… Read More

12 hours ago

The Bearish Trends That Continue to Strike Bitcoin

At press time, bitcoin – the granddaddy of all crypto – is once again down for the count. Bitcoin Is,… Read More

12 hours ago

Will Growing Interest from China Propel Bitcoin’s Price Higher?

Bitcoin (BTC) has incurred a significant amount of volatility as of late which was perpetuated yesterday by news regarding the… Read More

12 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More