New Ethos Update Launches With ShapeShift and Simplex in Universal Wallet
Latest Universal Wallet Update 1.6 – Now Available on Apple App Store and Google Play Store
Ethos has just released their highly anticipated update to the Universal Wallet, release v1.6. This update significantly builds on the existing ability to store, send and receive over 140 coins/tokens, now enabling users to buy crypto with Simplex and conduct coin swaps with ShapeShift.
In addition to these major feature integrations, UTK and two additional stable coins, GUSD and TUSD, are now supported by the Universal Wallet.
Buy Crypto Using Simplex Directly in the Wallet
Through the integration of Simplex, users can easily and safely buy crypto directly in their self-custodied Universal Wallet. Simplex is a global fiat purchase service enabling bitcoin and alt-coin purchases with credit and debit cards. This integration provides Ethos customers access to liquidity and exchange services between fiat and cryptocurrencies on an international scale, and every purchase deposits directly into their SmartWallet.
Earlier this year, Ethos announced a multi-phased approach to building out Fiat Gateway services, with Simplex as the initial stage of that process. Future stages of the Fiat Gateway include integration with their most significant partnership to date, Voyager, to deliver zero-fee trading and utility for the ETHOS token within the Ethos and Voyager ecosystems.
Token Swaps with ShapeShift
While initially slated as two separate updates, Ethos also unveiled their integration with ShapeShift.io, a digital marketplace for Bitcoin and other blockchain tokens, in their 1.6 update. This new feature grants users of the Universal Wallet access to liquidity and the ability to securely exchange and swap dozens of tokens.
Want to exchange Bitcoin for some Ethereum? Now, easily do that with the click of a button, directly in the app and see freshly swapped tokens right in the Wallet.
Support for Stable Coins – TUSD and GUSD Now Live
In update 1.6, Ethos continues their expansion of asset support, specifically of stable coins. Users are now able to safely store, send and receive Gemini Dollar (GUSD) and True USD. The addition of these assets raises the number of stable coins available in the wallet to three – DAI, GUSD, TUSD.
Stable coins continue to revolutionize how users interact with crypto and the crypto marketplace, and Ethos has announced they will continue to explore support of these assets.
In addition to these tokens, Ethos has added UTRUST (UTK), a token that was shown to be widely supported in the Ethos community surveys.