Shakepay, a Montreal-based fintech startup connecting users with their digital money, has announced the beta launch of its latest platform, a multi-currency, peer-to-peer mobile wallet that enables Canadians to buy and sell bitcoin and other cryptocurrencies, according to a press release.
Shakepay users can now purchase bitcoin directly from their phones with just one click.
Built for mobile, the platform also enables users to send and request Canadian Dollars and bitcoin, directly on the app, to and from other Shakepay users.
Funds are added to Shakepay mobile wallets via Interac e-transfers. Users can also cash out their Canadian Dollar balances to their Canadian bank accounts, with their funds being deposited within 24 hours. Shakepay charges what it calls a competitive 1.75-percent fee on top of BTC-to-CAD and CAD-to-BTC market rates. There is no fee to send and receive Canadian Dollars and bitcoin to and from other Shakepay users. Additionally, Shakepay does not charge users a fee to transfer Candian dollars to their mobile wallets.
“We’re seeing a huge rate of adoption in the cryptocurrency space and we’re excited to launch the new Shakepay product to the Canadian market, one that is severely underserved,” Jean Amiouny, Shakepay co-founder and CEO, said in the release. “Shakepay is the fastest way for Canadians to buy and sell digital currencies directly from their mobile phones.”