As reported by Ethereum World News earlier, Yahoo Finance, one of the world's most popular finance sites, has introduced support for a native encryption feature. On Wednesday, the website allowed its users to exchange Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) through Coinbase and Robinhood API integrations, without ever having to click on Yahoo Finance.
the crypto community broke out after hearing this news, with the likes of the founder of Litecoin Charlie Lee and Anthony "Pomp" Pompliano, founder of Morgan Creek Digital Asset, expressing their excitement for the adoption that this could bring.
Now you can buy / sell LTC @YahooFinance . Mass adoption is achieved one step at a time. 🐔🚀 pic.twitter.com/RuF7XR4zTX
– Charlie Lee [LTC⚡] (@SatoshiLite) 29 August 2018
While this function was legitimately available for approximately 24 hours, Yahoo Finance has since removed with suspected cryptography support. Obviously, this has thrown many for a ride, with some wondering what has caused the abolition of the feature film of the internet giant of the Californian Internet.
After hours of confusion, Yahoo came out to give a view of his crypto-friendly move, alluding to a fact that on-site support could have been a premature maneuver. By opening its press release, the site, which has become popular for coverage and provision of data for legacy markets, has drawn attention to its previous moves to welcome crypto investors, such as adding "over 100 citations of cryptocurrencies on all platforms globally "and news concerning the crypto / blockchain industry.
Staying in line with his apparent affection for all things crypto, Yahoo Finance has revealed that now "will allow its users to act on that information and will exchange cryptocurrency directly from its platform." It seems that the technology company have their eyes on offering IOS trading support before anything else, revealing that a partnership with Tradeit has allowed Yahoo to act on its plans. The elaborated version, noting:
The new feature, launched this week on the iOS app, allows users to buy and sell a variety of cryptocurrencies by connecting their account – through integration with our partners TradeIt – including Bitcoin, Ethereum, Litecoin and Dogecoin.
Strangely enough, this time, users will now be able to also exchange Bitcoin, Ethereum, Litecoin and Dogecoin in appearance. It is not clear if Yahoo failed to mention Bitcoin Cash (BCH) this time or has completely abandoned support for the Bitcoin fork. But support for Dogecoin (DOGE) is added, considering the fact that this specific resource is a relatively simple currency in terms of technological background, since it is rooted as a cryptocurrency based on Litecoin.
mobile and desktop web integrations are coming. Expressing his excitement for this incursion into encryption, Joanna Lambert, General Manager of Finance & Tech at Oath (Yahoo's Parent Company), said:
As a leading provider of financial data, insights and editorial content, we are constantly looking for ways to better serve the public on the Yahoo Finance platform. We launched our integration with Trade It for the first time a year ago, allowing people to trade on Yahoo Finance for the first time. We are excited to extend this offer to cryptocurrencies, further linking our passionate investor community with related utilities to our trusted platform.
It is unclear whether this move has had any perceptible effect on the market, but many hope that this feature will only propose the use of cryptographic resources for years to come.
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