If you’ve ever sent bitcoin before, you’ve already used a UTXO, even if you didn’t know it. UTXOs are just one of the many things that take place in the background when you send bitcoin from one wallet to another. It doesn’t matter if you’re transferring your bitcoin to another account or wallet that you control, a cold wallet, or a friend. All bitcoin transactions since the first one ever operate with the UTXO model.  UTXO stands for Unspent Transaction Output (the “X” is supposedly there because “transaction” is often abbreviated as “tx”, but the main reason is that it sounds cooler ..read more

Phishing attempts are deceptive tricks bad actors use to try to fool you into sharing sensitive information or your account credentials. Like chameleons, phishing attempts often change their appearance to try to blend in with legitimate communications, and the consequences of falling for a phishing scam can be serious. This is why being cautious is key, even if you think you’re too clever to be fooled (or maybe especially if you think you’re too clever to be fooled).  Here’s a quick guide we’ve created to help you recognize phishing attempts and impostors trying to pose as Shakepay. Keep ..read more

Vous avez entendu parler du Bitcoin et vous aimeriez plonger dans cet univers mais vous n’êtes pas certain par où commencer?  Nous sommes là pour vous aider. Considérez ce guide comme votre billet d’entrée pour comprendre le Bitcoin. Nous aborderons l’essentiel dans des termes clairs et simples afin de vous aider à découvrir le monde du Bitcoin. Qu'est-ce que le Bitcoin ? Le Bitcoin a été créé en 2009 par Satoshi Nakamoto, un pionnier sous pseudonyme qui a imaginé un système financier décentralisé où les transactions sont transparentes et autonomes. Essentiellement, le Bitcoin est une f ..read more

As you may have heard, the Government of Canada’s 2023 Fall Economic Statement unveiled plans to pass legislation around consumer-driven banking and implement the necessary framework by 2025. But what does “consumer-driven banking” mean, and how would these changes impact you and the future of banking in Canada? Let’s explore the transformative potential of this shift and examine how consumer-driven banking could lead to more innovative, inclusive, and customer-focused financial services in Canada.  Here’s why we’re excited about open banking, and why you should be, too. What’s consumer ..read more

Montreal, Quebec (February 29, 2024):  Shakepay, Canada’s leading bitcoin and money app, is thrilled to announce the hiring of Eric Richmond as the company’s new General Counsel and Head of Business Development. This strategic addition to the Shakepay leadership team marks a significant milestone in the company's ongoing mission to give Canadians their fair shake at a better banking experience and making bitcoin accessible to everyone in the country. Shakepay CEO, Jean Amiouny (left), alongside our new General Counsel and Head of Business Development, Eric Richmond, at our Montreal headq ..read more

As you may have already noticed in the app, we recently added passkeys, a more secure form of multi-factor authentication, to Shakepay. Not only are passkeys highly resistant to phishing and SIM-swapping attacks, they can even allow you to ditch your account password altogether. But how do passkeys work, and how can having no password be better than having a strong password? Here's a closer look at passkeys, their benefits, and how they can make your life easier and your account safer. What’s wrong with good old passwords? Using passwords has almost become second nature for most of us when w ..read more

So, you’ve heard about Bitcoin and you’d like to dip your toes into the Bitcoin pool, but you’re not quite sure how to get started.  We’re here to help – consider this guide your entry ticket to understanding Bitcoin. We'll cover the essentials in clear and simple terms to help you gain confidence as you learn to navigate the world of Bitcoin. Okay, so what's Bitcoin? Bitcoin was created in 2009 by Satoshi Nakamoto, a pseudonymous pioneer who envisioned a decentralized financial system where transactions are transparent and autonomous. Essentially, Bitcoin is a form of digital money th ..read more

As you may have already heard, some major news dropped this week as the U.S. Securities and Exchange Commission officially approved Bitcoin-spot ETFs (Exchange-Traded Funds). This is a landmark event, as regulatory approval for this type of financial product has been sought in the U.S. for over a decade. The anticipation of a Bitcoin-spot ETFs is partly what has caused the price of Bitcoin to go up significantly in the past few months. As a result, Bitcoin even ended 2023 as the year’s best-performing asset class, according to analysts from the firm Goldman Sachs. After years of rejections, i ..read more

Customer privacy and security are central to everything we do at Shakepay, and we aim to always be transparent. We’re writing this today to inform you of potential unauthorized access to a very small number of our customers’ personal information held at Shakepay, and what we are doing to help manage this. We want to emphasize that only data was compromised. No bank accounts, crypto wallets, custodians, or customer credentials were affected.  What happened?  On December 13, 2023, we detected suspicious activity on an employee’s work device. Our security team launched an investigation ..read more

It's the most wonderful time of the year and Shakey’s here to make it even better. He’ll be watching closely all month long to gift some #shakepaid bonuses to deserving shakers. Throughout December, any purchase of $10 or more made with the Shakepay Card will earn you an extra chance to get #shakepaid. Whether you’re buying something for yourself or for friends or family members, the more you use your card, the higher your chances are of getting #shakepaid. On January 1st, as the new year dawns, we'll randomly select 50 unique winners to receive a #shakepaid surprise to kickstart 2024 with a ..read more