Bitcoin Forum

Chrome Extension: https://chrome.google.com/webstore/detail/shakepay-instant/dkoefoobodlhijhcepmifgjogefbkafj

Demo: https://www.youtube.com/watch?v=ToCqKGGCEBM

Official Announcement: http://blog.shakepay.co/2016/shakepay-instant/

It would be great if it were accessible through URL from any browser.

This guy in spite of having left me a little irritated, he asked a very important question:




I also agree that the video is not good and that he should post more information



 >:(

Has also the issue of restricted countries, will these cards be covered in more countries?

1. i couldn't find much about this company, i hope it becomes a good and trusted one in the future.
2. they will surely keep logs even if they say they don't
3. https://shakepay.co/#/faq  click on "What are the fees?"
4. i think you change your account and it may stay inside your account with shakepay.co but not sure.


although they have many countries in their list but it is the worst restriction.

That's good stuff, but even though the card may be anonymous, we still need to get out stuff delivered to our address if we're buying goods online. We can't really be truly anonymous when shopping stuff online that is when it comes to goods. I'd be happy to use the Virtual credit card for online services like netflix and hulu, and probably also couple of region restricted services with it. I'm just hoping it's not restricted in my country like many of you have been mentioning above. 

I am not a fan of any browser's extensions. Why do we need it in the first place for Shakepay to work? A simple website would be more than enough.
Also that promo tutorial looks to be either targeted to mobile users or done extremely fast. I would love to see official presentation and explanation behind this system.

Unfortunately none has answered the Qs.

I think if we use bitcoin instead of first using it to purchase a fiat virtual card is safest way possible.
I mean virtual cards are not accepted when comes to countries and billing addresses.
Main focus should be on getting more services to accept bitcoin itself directly.

I saw the demo video last week and got an email on black friday about this new feature but I was worried about what will happen after 30 minute, what if you can't spend the money within 30 minutes, will these money disappear or we have the option to transfer them to another card and us it within another 30 minutes!!

It's an interesting idea, however I would want to wait for someone else to go through ll of it before I consider using it. The demo and everything is convincing enough, but considering that it is a chrome extension it's kind of sketchy as to whether or not it would be able to go and collect more data than they really need to.

I need a bit more trust in the company.

Their innovation is good and I am shocked and glad that there are new innovations towards bitcoin. Upon watching the video, just like the others I am worried about many features, I am not yet willing to try it for now due to several reasons. But maybe if there are good comments, evaluations of other users based on their experience on using such system, then those positive feedback may change my mind to use that system also.

I heard about them over the summer time and was waiting to see when it would come.
They are a legitimate company if anybody was wondering.

Installed and now uninstalling this thing
Service sound really useful but failed to generate card on my first try. And 1 hour will be really very small time frame, better to have atleast 24 hour valid card or atleast option to choose expiry time before generating card.

You thinks its anonymous. It is as anonymous as the governments let it be. It can be attacked just like coinbase.

To think banks could have done something like this years ago, but it is too much hassles. You just develop a system, where the network create a random address linked to your main account, for every transaction you make. The address is only valid for that transaction. The main account funds that temporary address, and when the transaction is done, the address is empty.

I know some banks are working on what they call < Virtual Credit Cards > but I do not know how this compares to this idea. ^?????^

I will try this, when someone has tested it, and confirmed that it is not a scam. ^smile^

this doesn't seem to be as anonymous as it shows! because this service is following Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and as a result is asking its customers for their name, address and phone number and the other type of account with more balance needs photo identification also!

You are forgetting one thing if you use a product like this: You need a shipping address for most goods you buy. Even if your payment is anonymous, you must still provide the shipping details.

There is more to products like this than anonimity. If this really is a one use credit card that you can instantly create, than you don't need a normal credit card anymore (and the associated fees) and simply create a card when you need one. This way, credit card fraud is much less likely.

That's what i think, i had opened some bitcoin debit cards in past but i should verify the cards with my identity before get started with it. Though the concept is good but is that really possible? i mean the question above (billing address, zip code etc?? )
Anyway this is my first time heard this service, well after watching the video i think they might create another professional video, in order to make the service look professional just saying.

if i understood what it does correctly, there is no physical card. you open up an account with the site and then charge it with bitcoin. after that every time you want to purchase something that need VISA card you use your phone instead of a card to pay for it and the site creates you a temporary card to use and discard after.

I have tried the Chrome extension but apparently it's unavailable at the moment and I couldn't load any coins. I also registered on their website and they prompted me to provide my legal name, birth date, telephone number and address upon creating my first virtual or physical card. It's not so anonymous any more. Also saw the fees:

Description   Frequency   Amount (USD)   Amount (EUR)
Virtual card creation   once   free*   free*
Plastic card creation   once   $ 15.00   € 15.00
Card fee   per month   $ 1.00   € 1.00
Redemption of unused funds   per request   $ 10.00   € 10.00
Bitcoin to fiat exchange   per transaction   1%   1%
Altcoin to fiat exchange   per transaction   3%   3%
Foreign currency conversion   per transaction   3%   3%
ATM widthrawal fee   per transaction   $ 2.50   € 2.25
ATM withdrawal fee in a foreign currency   per transaction   $ 3.50   € 2.75

Yeah they had a frickin' typo on their list of fees. It's in beta but still I wouldn't trust them with my money.

This is the main reason why he wanted to load the detals in extension and did not have got any online web site. After seeing your experience i think it is much better idea to forget this offer and move on to some other sites.

the fees wouldn't matter much in fact if they were really offering anonymous VISA cards and it would have come in handy if it were really anonymous but since I saw they are asking for my personal information to give me a card then I decided it has no difference with regular cards.

anyways I hope someday I can see a good service that offers real anonymous cards or at least I can see bitcoin be accepted so that I wouldn't be needing these services in first place :D

Yea, The credit card fraud was one of the main reasons why I started using Bitcoin. I lost a shitload of money due to credit card fraud, and I

welcomed a technology where you do not have to worry, if you bought something online and not taken to the cleaners within a month or even

a year after that. Yes, Bitcoin also have some risks, but at least you are in control and you can manage the risk. In the event where  your

wallet is compromised, you can control how much you lose... { by only funding it with the amount you are willing to lose } ... but with credit

cards, you lose money.. that you do not have yet... so you owe the banks.  >:(

Visa rarely lends there name just to any company to promote their services so they must be something special about them and what they offer.
You see Mastercard will give anybody their brand name to promote them if they pay them.

This looks like totaly new and interesting product. There are so many cards varieties on the market but this seems inovative. Just wonder if they realy offer true anonimity or the data are maybe stil available somwhere. And could they realy run legitimate business without collecting any data? Let's wait for some experiences.

yeah it isn't if it work on the visa circuit or mastercard or whatever other that run with legal money, it's not anonymous, it's a way to say that they not ask for your id to send your money, but it can be traced, and even bitcoin can be traced

I doubt that visa would want to put out their cards totally anon so they are untraceable if they are fraudulent transactions. They would come back to Shake and ask for those funds if they did. And I highly doubt that this company wants to be liable at all for this.

Think about it. ::)

It might be convenient but my guess it that it is a tricky attempt to get control over bitcoin by something closer to the government. Okay, this card is anonymous. I still think that if the transactions with it involve big amounts of money, they will try to find out who is the owner or just will take some taxation rightaway. And where can you go to use this card anyway?

The card fees are at the normal market rate but the card isn't that anonymous. I don't quite like the time frame, it should go longer than that.

Usually when something like this new comes out the first page is full of scam accusations.  But not this thread.

Various wallet service providers were into this advanced payment processing method. Recently in our country too we got the access to pay using wallets. To pay we were supposed to generate a code from the particular wallet app. This code needs to be entered to receive the respective amount.

its a great news for us and we can use it to make virtual visa card by ourself and if this is really true, i wonder can it be use for verifying paypal credit card? because if its true, i will use it to verified my paypal credit card because i think i don't want to buy virtual credit card from someone.