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.
ABOUT THE AUTHOR
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.