Shakepay

Montreal-based Shakepay has joined Payments Canada, advancing its status as a regulated financial entity in Canada. The cryptocurrency-focused fintech, which recently earned securities dealer recognition from the Canadian Investment Regulatory Organization, now gains the ability to apply for direct access to Canada’s core payment infrastructure.

CEO Jean Amiouny said the move will improve speed and efficiency for customers while reducing reliance on third-party systems. Shakepay serves over one million Canadians and offers Bitcoin rewards through its payments card. The company views upcoming Real-Time Rail infrastructure as transformative and is preparing accordingly.

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A new report from Shakepay reveals that over 90% of crypto asset holders voted in Canada’s last federal election, making them a highly engaged voting bloc. With five million crypto holders nationwide, the sector’s $3-trillion global footprint is influencing political preferences.

The report finds that 90% of crypto voters support parties that advance bitcoin-friendly policies, including allowing bitcoin in TFSAs and RRSPs. Describing crypto holders as young, tech-savvy, and financially literate, Shakepay warns that Canada’s cautious stance on bitcoin could leave it behind other jurisdictions embracing digital assets as strategic reserve assets.

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Montréal-based crypto platform Shakepay is now a CIRO-certified investment dealer, becoming Québec’s first crypto firm to meet this rigorous standard. Customers trading Bitcoin and Ethereum gain CIRO oversight and $1 million CAD insurance coverage for cash via the CIPF, though not for crypto assets.

Shakepay split into Shakepay Inc., focusing on CIRO compliance, and Shakepay Financial, managing cash and payments. Co-founded in 2015, Shakepay pivoted to crypto trading in 2018 and now serves 1.4 million users. Amid growing regulation, Shakepay aims to bolster trust in Canadian crypto markets, positioning Bitcoin as a secure, long-term investment.

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Shakepay, a Montreal-based fintech, is calling for Bitcoin to be included as a qualified investment in Canada’s RRSPs and TFSAs. The company argues that Bitcoin has matured into a secure and reliable asset, making it a viable option for long-term financial planning.

Shakepay’s CEO emphasizes that direct Bitcoin investments differ from ETFs, offering more control and fewer counterparty risks. With over one million Canadian users, Shakepay believes the inclusion of Bitcoin in registered accounts would provide new diversification opportunities, similar to the U.S., where crypto is already allowed in retirement plans.

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Montreal’s Shakepay has responded to growing customer demands by introducing everyday payments, offering a seamless financial experience. Users can now enjoy direct deposits, bill payments, e-transfers, and rewards for regular account activity.

The innovative Shakepay Visa prepaid card, a pioneering bitcoin cashback card in Canada, allows users to earn up to 2% in bitcoin on all purchases.

With over 1.3 million registered accounts, Shakepay, founded in 2015, has evolved from its Crypto Trading Platform to become a leader in easy bitcoin transactions while prioritizing industry safety standards.

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