Bitcoin Marketplace OpenBazaar Now Accepts a Variety of Cryptocurrencies

By December 22, 2016Bitcoin Business
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Bitcoin Marketplace OpenBazaar Now Accepts a Variety of Cryptocurrencies, an instant digital asset exchange for blockchain tokens, has partnered with online bitcoin-enabled marketplace OpenBazaar via their integration of the Shifty Button. This integration allows OpenBazaar shoppers to purchase items from the decentralized, peer-to-peer site with Ethereum, Zcash, Ripple and dozens of other options beyond just Bitcoin.

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“Enabling users to pay for OpenBazaar purchases with bitcoin and dozens of other cryptocurrencies was always something we wanted to do and ShapeShift enabled us to do that quickly and easily,” said OpenBazaar CEO and Project Lead Brian Hoffman. “Our community has been very eager for this feature and we’re happy to be able to provide it through a great partner.”

OpenBazaar, which launched in April 2016, is an open source project with the goal to create a decentralized network for peer-to-peer online commerce using bitcoin. The platform allows buyers and sellers of goods to directly create shops and sell goods without fees, restrictions or accounts. The open-source project promises an alternative to the centralized online shopping experience offering more freedom via cryptocurrencies.

The ShapeShift Shifty Button provides websites the option of accepting dozens of cryptocurrencies by generating a snippet of code. Prior to the company’s Shifty Button integration, OpenBazaar was only available to those who had Bitcoin to deposit, now sellers can accept dozens of digital assets.

Erik Voorhees, CEO, Shapeshift
Erik Voorhees, CEO, Shapeshift

“We feel a distinct kinship with the OpenBazaar project, both companies foster permissionless exchange between anyone, anywhere on Earth,” said ShapeShift CEO and founder Erik Voorhees.

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