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ShapeShift releases in-site cryptocurrency exchange tool Skeleton
Posted On 30 Sep 2015
ShapeShift CEO Erik Voorhees today tweeted that his Swiss-based digital currency exchange’s new tool, Skeleton, an in-site tool that enables webmasters to allow visitors to their websites to instantly buy and sell digital assets or cryptocurrencies, was now available.
@ErikVoorhees This is a game changer.
— mangozz (@needles430) September 30, 2015
According to Skeleton’s page on ShapeShift’s website, “The tool allows for exchanges to be made by a site’s users without them leaving the site.”
The code behind Skeleton is free and open-source, says the page, adding that it also offers a customizable template, which provides integrators with the choice to brand the tool with their own colors and assets.
ShapeShift CEO Erik Voorhees
Voorhees told CoinReport:
“We’ve tried to replicate the openness and flexibility of Bitcoin in our products. Skeleton means any website can enable users to exchange digital assets as easily as any website can show a Bitcoin price ticker or twitter feed.”
In its press release on PRWeb, ShapeShift mentions, “CoinCap.io, a market data website, used Skeleton to let users buy leading cryptocurrencies directly from its list of coins on the homepage,” adding, “See this example here.”
Skeleton is ShapeShift’s most recently offered tool. Other tools include the Shifty Button, a merchant processing widget, and the Lens Plugin, a web extension that enables users to pay leading cryptocurrencies to any Bitcoin address on a webpage.
Images courtesy of ShapeShift
I wouldn’t use it just based on the name alone, company and product.
Virtual currency exchange services for MMORGs have offered this for some years. The difference is, the webmaster gets a cut of the transaction fees generated by sales on their site. From what I see here, Shape Shift doesn’t share the money it makes on the webmaster’s site with the webmaster. Essentially, the webmaster is using his hard-earned traffic for marketing Shape Shift’s service. I definitely can see why this would benefit Shape Shift but I see no incentive for the webmaster.
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