According to ShapeShift founder and CEO Erik Voorhees, the company’s recently launched iOS app “sailed through” the Apple App Store approval process.
“We were expecting quite a bit of pushback from Apple because there have been lots of these horror stories about bitcoin apps, you know, never getting past the bar,” he told CoinDesk. “And so we submitted it and crossed our fingers.”
Issues with the app have been minimal, he continued, apart from a bug experienced by owners of iPhones running iOS 7.
“There was a bug with iOS 7 users which we had fixed and released updates for, so other than that little glitch everything went great,” he said.
On BitLicense’s privacy problems
ShapeShift recently made headlines after its announcement that it would cease offering services to New York residents as a result of the finalization of the BitLicense digital currency regulatory framework. In an interview with the New York Post, Voorhees described the customer data requirements imposed by the BitLicense as “Orwellian”.
Voorhees said that the biggest issue for his company is the risk to users whose information would be collected by regulators – an arrangement that he says exposes them to hacking vulnerabilities that could result in their data being stolen and exploited.
“So clearly the data security industry is not sufficient enough to protect customer information,” he continued. “And so, requiring that customer information be mined from people is reckless and dangerous and puts all those people at risk.”
For now, according to Voorhees, the company’s focus is on building out its functionality further and completing a still-in-progress funding round.
"Development-wise we’re working on things that aren't super exciting for users, to get us better pricing, more functionality,” he continued.
As for the future of the protest against the BitLicense, Voorhees said he has heard from others in the bitcoin business ecosystem who are looking at taking a similar tack, noting:
Images via ShapeShift
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.