Shakepay, a Canadian fintech firm founded in 2015, has announced the beta launch of a peer-to-peer mobile wallet that supports sale and purchase of various types of cryptocurrencies including Bitcoin.
The wallet also allows users to send as well as request Canadian Dollars and Bitcoin to and from other users of Shakepay.
Users can fund the wallet through Interac e-transfers, and can also cash out their Canadian Dollar balances to their bank accounts in Canada.
The company charges 1.75% as fee apart from BTC-to-CAD and CAD-to-BTC market rates, though the process of sending and receiving Canadian Dollars and Bitcoin to and from other Shakepay users is done free of cost.
Shakepay co-founder and CEO Jean Amiouny said: “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. Shakepay is the fastest way for Canadians to buy and sell digital currencies directly from their mobile phones.”