What is Shapeshift.io?
ShapeShift.io is an instant digital asset exchange service, it allows you to take one digital asset (i.e. Ether, Litecoin, Dogecoin, etc) and instantly convert to another.
Shapeshift allows Purse to be able to accept any of their currently supported digital currencies, and convert them to bitcoin. This provides our users with as many options as possible when shopping for discounts online.
How does it benefit me as a Shopper?
ShapeShift allows us to offer our users ultimate flexibility when it comes to how they will pay for their purchases on Purse. By integrating with ShapeShift, we can now accept more than 30+ different digital assets for deposits into your account and for purchases. Whether you use zCash, Ether, Litecoin, Dash, XRP, etc — you can spend that value on Purse, and save on your purchases! You can use Shapeshift either at the time of checkout, or at anytime from your Wallet page to deposit funds into your account.
From your Wallet:
Do I need to make an account?
No! That’s the beauty of ShapeShift, it’s integrated directly into Purse. Shapeshift doesn’t hold customer funds, therefore they don’t require any registration. For example, if you want to exchange Ether to Bitcoin; ShapeShift provides the deposit address for your alternative digital currency, and then sends the converted Bitcoin back to the deposit address that you provide. It’s that easy.
How long does it take for me to receive my funds from Shapeshift?
The processing speed ranges from about 30 seconds to 20 minutes depending on how long it takes for a block to confirm on the network. Most orders process in just a few minutes. For some inputs Shapeshift will take 0 confirmation transactions if the TX passes a number of 0-confirm “tests” that their system looks for. If it doesn’t pass those tests, then the system will wait for standard confirmation on the blockchain.
What If I Don’t Want to Use Shapeshift?
You don’t have to! This partnership is just another great way we’re giving our Shoppers more ways to save, by enabling the ability to shop with all types of valuable digital assets. You can always buy bitcoin and deposit them directly into your account as you would with Coinbase, or any other service you choose.
Enjoy Using Shapeshift?
Love using Shapeshift? Us too. If you want to learn more about ShapeShift and their products, you can visit their info page here: https://info.shapeshift.io/about