Blockchain Wallet Adds Ethereum

Announcements, Blockchain, FinTech | August 18, 2017 By:

Bitcoin wallet startup Blockchain has added ether to its platform. The move marks the first time Blockchain has integrated a new cryptocurrency since its launch in 2011.

Blockchain is one of the oldest bitcoin service providers in the industry, with over 16 million wallets across 140 countries. The company has focused on creating products that make storing, transacting and hedging digital currency a frictionless experience.

Blockchain said that by adding ether as a new currency, they’re providing users with a new diverse way to interact with the digital economy.

“As popularity of ethereum has grown, so has the desire from our customers to have the option to manage multiple digital assets within their Blockchain wallets,” said Blockchain CEO Peter Smith. “We are thrilled to introduce this new functionality to our community and will continue to find ways to make interacting with digital assets even easier.”

The company also announced its partnership with digital asset exchange ShapeShift and introduced a built-in BTC to ETH (and vice versa) exchange, powered by ShapeShift, for helping users seeking to acquire ether. The new service is directly accessible within the Blockchain wallet. Blockchain said this integration makes it easy for users to acquire both digital currencies and monitor exchange progress, from start to finish.

Blockchain recently raised $40 million in a Series B funding round, drawing from a group of investors that included billionaire Richard Branson. The company has raised more than $70 million to date in venture funding