Montreal, Quebec, Canada-based digital currency exchange Shakepay announced in a press release it sent to CoinReport a new feature called Shakepay Change, which allows for Canadians, after signing up on the exchange’s website, to buy bitcoin by automatically rounding up their everyday bank card purchases.
Shakepay CEO Jean Amiouny explained, “We want to keep making this easier and more frictionless for our customers, many of which buy bitcoin week-after-week for the purpose of long-term holding.”
The exchange was established in 2015, while the new feature is the latest addition to an assortment of services to purchase and sell cryptocurrency. There are no fees for withdrawals as well as funding on the exchange.
To date, the digital currency exchange has assisted more than 40,000 customers in exchanging over $30 million in cryptocurrency.
Every Canadian now can easily own bitcoin, buying small amounts gradually over time on the exchange. Shakepay says it will do that in line with its stated mission, which is “create open access to building wealth.”
There are three steps in the process for utilizing Shakepay Change:
- Connecting credit and debit cards to one’s account with the exchange,
- Shakepay Change rounding up each purchase to the nearest dollar when one purchases burgers, beer or a bus ticket (or anything else), and
- Shakepay auto-buying bitcoin for you with the change and places it into your Shakepay wallet.
Amiouny explained, “Following Bitcoin, the entire suite of financial services is being rebuilt independently from the current financial infrastructure.”
He added, “We believe enabling access to these services is paramount to the creation of wealth and economic freedom.”
Images via press kit