Shakepay is a very interesting Bitcoin application. It allows you to use Bitcoin to purchase a VISA physical credit card or virtual credit card of equal value, and then use this credit card to swipe credit cards anywhere. For payment, physical credit card supports card payment in offline physical stores. Generally speaking, it is a regular software, but it cannot be used in our country.

1. The safety factor is very high.

Shakepay, a crypto exchange headquartered in Montreal, Canada, has entrusted a third-party custodian to protect customers’ funds through Aon Insurance, an insurance company underwritten by Lloyd’s of London Insurance Group. The cold wallet issues an insurance policy. The exchange supports the buying and selling of Bitcoin, but will not hold crypto assets for customers until necessary. This reduces the risk of client funds being stolen.

2. Do not conduct virtual currency transactions.

Services related to virtual currency settlement and provision of trader information are completely prohibited in my country. Those who engage in illegal financial activities will be held criminally responsible. The provision of services by overseas virtual currency exchanges to Chinese residents through the Internet is also prohibited, and relevant departments will strengthen the monitoring of all related behaviors. Therefore, in this case, we hope that all domestic investors will not conduct virtual currency transactions. If there is a problem with account security during transactions, no law will protect such illegal transactions.

Extended information

Virtual currency refers to non-real currency. Well-known virtual currencies include Baidu Coin of Baidu Company, Q Coin of Tencent Company, Q Points, Shanda Company’s coupons, Microcoin launched by Sina, Chivalry Yuanbao, and Wen Yin. Popular digital currencies in 2013 include Bitcoin and Litecoin. , infinite coins, quark coins, zeta coins, barbecue coins, penny coins), invisible gold bars, red coins, prime coins.

According to notices and announcements issued by the People's Bank of China and other departments, virtual currencies are not issued by monetary authorities, do not have legal and compulsory monetary attributes, are not currencies in the true sense, and do not have the same characteristics as currencies. Equivalent legal status, it cannot and should not be used as currency for circulation in the market, and citizens’ investment and trading in virtual currencies are not protected by law.