mar
NOTE
Shakepay the Canadian Bitcoin company, recently released a feature that shows stores across Canada where users are spending with the Shakepay card.
It’s only been live for a day, and already thousands of businesses across the country appear on the map, showing how widely users are using the Shakepay Visa debit card.
The important detail is that this is not direct Bitcoin adoption by merchants. The card works like a normal Visa debit card: users convert their Bitcoin into CAD before making a purchase, while merchants continue operating entirely within the traditional fiat payment system.
What this demonstrates is that there is already significant consumer demand to spend Bitcoin. Right now, people are converting BTC into CAD because most merchants do not accept Bitcoin directly.
This is where companies like Block showed the right direction. What Shakepay and similar companies need to do is integrate Bitcoin payments directly into merchants POS systems, while automatically converting the Bitcoin into CAD behind the scenes. That way, merchants would not need to manage Bitcoin volatility, custody, accounting, or technical implementation themselves.
The demand to pay with Bitcoin clearly exists and is massive. The missing piece is making merchant acceptance seamless and invisible to businesses.
Unfortunately, the app is currently available only to Canadians, and the map feature can only be viewed by Shakepay users.
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