Canadian company to roll out bitcoin ATMs
Monday, September 9, 2013/
Canadian company Bitcoiniacs has announced plans to roll out ATM-style bitcoin kiosks across Canada, with the first set to come into operation in Vancouver during October and four more expected by December.
According to the CBC, the machines, sourced from Las Vegas-based firm RoboCoin, allow people to easily transfer funds between traditional currencies and bitcoin.
The machines prompt people about how much money they would like to spend purchasing bitcoins.
The user is then presented with a QR code that transfers the bitcoins into their wallet.
“Basically, it just make it easier for people to buy and sell bitcoins and hopefully will drive the adoption of bitcoin, and make it more accessible for people,” says Bitcoiniacs founder Mitchell Demeter.
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Stop telling us how busy you are, it's boring and charmless Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder