Waves Launches Ether Gateway

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Having successfully launched bitcoin, USD and EUR gateways, Waves has now implemented an Ether gateway within the lite client – opening more possibilities for decentralised trading. The gateway will enable users to store ETH and trade it against other tokens on the DEX.

The Ethereum gateway will work in a similar way to the existing bitcoin gateway: users will send ETH to the given address within the client and will receive a Waves token in return. These tokens will be backed 1:1 with Ether, and can be withdrawn and exchanged for ETH at any time.

Meanwhile, whilst they remain within the Waves Blockchain ecosystem, the Waves ETH tokens can be stored securely and transferred with the speed and low cost of the Waves network. In particular, it will be possible to trade them against other Waves tokens – including WBTC and WAVES itself. This means that users will be able to trade ETH peer-to-peer on DEX, against BTC, WAVES, USD and EUR, as well as any other token. Thanks to Waves’ centralised order matching, the DEX approaches the speed of a traditional exchange, but with the security of Blockchain settlement.

“We’re really pleased to add another gateway to the Waves client,” commented Sasha Ivanov, Waves CEO. “Ethereum is the foremost Blockchain platform after bitcoin itself, and it’s important to be able to offer users the opportunity to trade ETH on a decentralised exchange. In due course we’ll be adding more coin gateways, broadening our appeal and allowing not only trading but Waves crowdsales that collect a whole range of cryptocurrencies directly.”

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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