Canadians can now gradually accumulate small fractions of BTC by rounding up their everyday debit card purchases with a mobile application called Shakepay. The company launched in 2015 operates multiple cryptocurrency services and its new Shakepay Change element aims to provide individuals with a frictionless way to buy BTC in Canada.
Also read: The Digital Revolution Increases Sovereignty
Shakepay: A Spare Change-to-Cryptocurrency App
Basically, Shakepay Change users need to link a debit card to their Shakepay account. Then if they purchase anything, the application will round up each purchase to the nearest dollar. The leftover change is what is used to purchase BTC and then the platform adds the funds to the Shakepay wallet.
“Following Bitcoin, the entire suite of financial services is being rebuilt independently from the current financial infrastructure,” explained Jean Amiouny, CEO of Shakepay. “We believe enabling access to these services is paramount to the creation of wealth and economic freedom.”
Shakepay is a licensed money services business and can operate in any province throughout Canada. The company is backed by investors such as Boost VC and has also partnered with a Schedule 1 bank in order to facilitate the application’s payment processing. The Shakepay team believes Bitcoin’s innovation is important because “it enables wealth to be stored with an individual without the need for a third party.” The Shakepay application with the spare change service is available for Canadians using both Android and iOS mobile phones.
Not the Only Loose Change Crypto-Application
Then there’s another digital currency purchasing application that rounds up purchases called Coinflash. The Coinflash application gives users the ability to purchase BTC and ETH using spare change.
As far as Canadians are concerned, they can try the Shakepay platform to acquire small fractions of BTC. “Our mission is to create open access to building wealth and we’re setting out to have every single Canadian owning bitcoin,” Amiouny added.
What do you think about the Shakepay Change feature? Let us know what you think about this subject in the comments section below.
Images via Shakepay, and Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Shakepay App Turns Spare Change Into Fractions of BTC appeared first on Bitcoin News.