Friday, August 15, 2014

Apparently Canada Is Now the Bitcoin ATM 'Capital of the World'


The push to make Bitcoin mainstream is gaining momentum in Canada, where a little known Bitcoin exchange company just rolled out six new bitcoin teller machines (BTMs, as in ATMs) in Toronto.

According CAVIRTEX, the installation of its six new machines in Canada’s largest metropolis, goes a long way in “establishing Canada as the BTM capital of the world."

“(S)ix new BTMs in Toronto and four more to roll out across the country shortly, Canada now has more BTMs than anywhere else on the planet,” said the company release.

If you’re not aware of what a BTM actually is, think ATM, just with the world’s first digital currency. Using a cellphone with a Bitcoin wallet, users can buy up to $3,000 worth of Canadian currency, in Bitcoin, by scanning a QR Code generated by the BTM. After that, its instantly uploads the digital currency directly to smartphones. 

They can also make exchanges from digital BTC into cold, hard CAD. And despite how they look, the machines do not dispense the terrible beer Molson Canadian.

The BTMs were produced by Ottawa-based BTM technology company BitAccess that helped unveil a similar machine in Canada's capital back in January.  

With plans to install four more machines in Canada (Vancouver, Niagara, Ottawa and Halifax), the company is leading the Canadian BTM market.

CAVIRTEX (pronounced ‘see-eh-virtex’ according to the company) was part of unveiling the world’s first BTM in Vancouver in October last year. Since, judging by a site mapping Bitcoin ATMs globally, BTMs have exploded in number all over the world with Canada a clear leader.

For the rest of the story: http://motherboard.vice.com/read/apparently-canada-is-now-the-bitcoin-atm-capital-of-the-world

1 comment:

  1. If you are searching for the ultimate Bitcoin exchange company, then you should pick YoBit.

    ReplyDelete

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