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This fall five ATM-like kiosks carrying Bitcoin will arrive in Canada, exchanging the virtual currency for Canadian dollars.
Bitcoiniacs, a Vancouver store currently selling Bitcoin, has ordered one kiosk that it plans to keep locally, and another four to be distributed throughout the country. The finals destinations of the other four kiosks are expected to be Calgary, Toronto, Montreal and Ottawa.
“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,” said the owner of Bitcoiniacs Mitchell Demeter.
The kiosks will be sent north by Las Vegas company RoboCoin. The CEO of RoboCoin’s goal is to “make Bitcoin truly grandma-friendly.”
(AP / Rick Bowmer)
Bitcoin’s credibility has received recent boosts from both US and German lawmakers, both of whom recognize it as real currency.
Since rocketing to $260 a coin earlier this year, Bitcoin has come back to earth, trading at around $125.
4 Comments
Guest
Very good article. I like it! 😀
LAMB
People – if this guy, Mitchell Demeter, succeeds to pull the wool over your eyes, he will get away with Real Canadian Dollars traded for “Imaginary” BITCOINS. And to top that off, a company from Las Vegas will be involved – shades of THE MAFIA .
As for Lawmakers in Germany & US “recognizing” the so-called currency, well that remains to be seen – no laws have been passed to accommodate the BITCOIN !!!
NOTE: I have just initiated a new CURRENCY called DIAMOND DOLLARS. You can trade your diamonds for one DIAMOND DOLLAR at the exchange rate of One Carat = One Diamond Dollar. BOOTHS WILL BE SET UP AT ALL WALMART STORES TO TAKE YOUR DIAMONDS. Have a good day ! ! ! Ha Ha.
Matt
So a computer generates bitcoins and declares them to have value and people are believing it? It smells like a pyramid scheme where the first in will make money and the last out won’t .
Project
It was in the mid 90ies that the thought about a ‘World Currency’ sprouted in my mind. Possibly, this it it.