Shakepay, a Montreal-based startup connecting Canadian users with bitcoin and other blockchain assets today announced the beta launch of its latest project, a multi-currency, peer-to-peer mobile wallet. Shakepay users can now purchase bitcoin directly from their phones and also allows 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, an especially convenient method for those just getting started with digital assets. Users can also cash out their CAD balances to their Canadian bank accounts, with their funds being deposited within 24 hours. Shakepay does not charge users a fee to transfer CAD 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,” said Jean Amiouny, Co-Founder, and CEO. “Shakepay is the fastest way for Canadians to buy and sell digital currencies directly from their mobile phones.”
Shakepay has recently joined the sixth cohort of Creative Destruction Lab at the Rotman School of Management at the University of Toronto. “CDL connects us with seasoned Canadian entrepreneurs to help us turn Shakepay from a startup to a high-growth company,” said Roy Breidi, Co-Founder at Shakepay. “We are committed to working towards a seamless crossover between the current financial system and the digital asset world. We are driven to build products that meet the exploding consumer demand in the space.”
Shakepay was founded in 2015 by Jean Amiouny, CEO, and Roy Breidi, CTO. Under their leadership, the company successfully raised $1 million last year in venture capital from Boost VC, Amphora Capital, and a handful of angel investors.
The company previously provided a bitcoin prepaid debit card service, after card issuer WaveCredt was discontinued from the Visa network, Shakepay reorganized the platform shifting to building a unique p2p wallet platform and continues to evolve.