What is Shakepay?
Trusted by more than one million Canadians, Shakepay is a money app that allows you to send money to friends, buy and earn bitcoin or ethereum, and make payments effortlessly.
Problem
Traditional banking and financial systems can be slow, expensive, and lack options for digital currency transactions. Canadians face high fees for transactions and currency exchange, limited access to cryptocurrencies, and inefficiencies in sending money to friends.
Solution
Shakepay is a money app designed specifically for Canadians that streamlines the process of sending money to friends, purchasing, and earning bitcoin or ethereum. It provides a modern solution to traditional financial constraints, offering users a way to engage with cryptocurrencies effortlessly.
Customers
The primary user persona for Shakepay includes Canadian residents interested in cryptocurrencies, those seeking convenient ways to send money to friends or make payments, and individuals looking for alternatives to traditional banking and currency exchange methods.
Unique Features
Shakepay differentiates itself through its focus on the Canadian market, offering commission-free transactions, instant peer-to-peer money transfers, and the ability to buy and earn cryptocurrencies easily. Its seamless integration of digital and traditional currencies in one platform is significant.
User Comments
Users appreciate the simplicity and user-friendly interface.
The no-fee approach to cryptocurrency transactions is highly regarded.
The sense of community among Canadian users is valued.
Some users express concerns over exchange rates for cryptocurrencies.
Overall, customers show a high level of satisfaction with Shakepay's services.
Traction
Shakepay has gained significant traction, being trusted by more than one million Canadians. Specific metrics on MRR, ARR, or recent financing rounds were not disclosed.
Market Size
The global cryptocurrency market size was valued at $1.49 trillion in 2021. Considering Shakepay's focus on the Canadian market and the growing interest in cryptocurrencies, the potential market size within Canada could be significant.
