One of the most popular cryptocurrency wallets is now allowing users to hold Ethereum in addition to the already-supported Bitcoin.
Blockchain now supports Ethereum, and it is one of the oldest and most trustworthy cryptocurrency holding services in existence with over 16 million wallets. The service is available in 140 countries, and because Blockchain’s wallets are non-custodial, customers have greater control over their funds. This simply means users hold their own private keys, which speaks to their tagline of “Be Your Own Bank.”
The price of an Ethereum token is currently sitting at just over $300. The currency debuted on July 30, 2015 and just a year ago sat at $11 for a token. The sudden and massive growth is indicative of both how trendy cryptocurrency has been in the recent months as well as how volatile the market can be. For a comparison, Bitcoin is trading at $4275 per token, and one year ago it was at roughly $580.
The company has also integrated ShapeShift with its service, meaning wallet holders can easily transfer from bitcoin to Ethereum and back all in one place. This all comes from Blockchain’s centralized dashboard, a key feature that appeals to both new and old cryptocurrency fanatics alike.
“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 in a statement. “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.”
Blockchain has been a little behind other competitors when it comes to adopting Ethereum as a currency, but they shrug it off as many of their customer base had not heard of the newer cryptocurrency yet. Over 80 per cent of Blockchain’s customers reside outside the US.
Cryptocurrency wallets exist so that those who who support a fair and accessible financial future through the use of digital currencies such as Bitcoin have access to a frictionless spending and storing experience. Blockchain has overseen upwards of 100 million transactions.