BLOCK.IO AIMS TO DISRUPT BITCOIN WITH SERVICE-FEE-FREE WALLET API

An upstart cryptocurrency company, Block.io, is aiming to make it easier for developers to build cryptocurrency wallets with a simple API, and it’s looking to disrupt the nascent cryptocurrency market in the process.
One of the most compelling features of cryptocurrencies is that they enable the instant movement of money outside of the traditional financial system – a traditional financial system that almost always extracts fees, sometimes hefty ones.
In theory, bitcoin and cryptocurrencies like it have the potential to significantly reduce or eliminate these fees, but today, the cryptocurrency ecosystem is filled with providers charging for their services. Block.io hopes to change that.

This post was published at Programmable Web on Sep. 03 2014,.