ShapeShift-Buys-Portis-Wallet
Switzerland-based crypto exchange ShapeShift has acquired Portis crypto wallet for an undisclosed sum.
According to the acquisition announcement, all ShapeShift users will be able to log in to most leading Web3 applications like OpenSea, Augur, and Uniswap and will be able to get access to commission-free coin conversions on all major chains (not just Ethereum and ERC-20 tokens), and super fast fiat-to-crypto via a debit card.
Portis, an Israeli startup that offers a non-custodial web3 provider offered as an SDK to developers. It was was founded in May 2018 by CEO Tom Teman and Itay Radotzki and has developed a crypto wallet app (DApps) based on the blockchain of ethereum.
Last November, ShapeShift has integrated Portis wallet so Users can gain access to the exchange’s end-to-end encryption architecture, which would give users full control over their private crypto keys.
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