Shakepay announces shift to p2p crypto mobile wallet app

Following the news that all Shakepay cards would be closed due to card issuer Wavecrest being dropped from Visa, bitcoin payment company Shakepay has announced a pivot to establish a multi-asset, peer-to-peer mobile wallet.

The new application will provide users with control over their funds and access to exchanges. Crypto funds will be non-custodial, stored on a user-generated private key on sign up. Users on the platform transact with one another, interact with the blockchain, and move in and out of fiat by transacting with users on the platform or on exchanges they’re plugged into.

Noteworthy features include:

User-controlled BTC and ETH wallets
Exchanges between USD-BTC, CAD-BTC, EUR-BTC are live with more coming
Canadian users can add funds to their accounts via Interac e-transfers

Previous debit card users will be able to get the balance of their cards transferred over to the new application. Those interested can sign up now to get on the waitlist for the private beta.

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