Toronto now has its first Bitcoin ATM machine located at Bitcoin Decentral at King and Spadina. The new alternative digital currency transfers money from person to person and gets its fame by eliminating the processing time and fees of traditional banking services.
"Bitcoin allows me to transfer value between me and you instantly anywhere in the world for free," says Anthony Di Iorio, the operator of Toronto’s first Bitcoin ATM, in the article. He is passionate about this new currency and wants to create more access in the city. He has opened up a space to educate more people about Bitcoin, as well as provide them an opportunity to buy Bitcoin in cash, rather than online.
Bitcoin operates much like the stock market with the value of Bitcoin fluctuating with the market. Still, Di lorio says more and more companies are opening up to the idea of Bitcoin.
"We are seeing merchant point of sale equipment coming out that supporting Bitcoin and be able to bring a device into a merchants store to offer Bitcoin as a payment to their customers," he says.
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Original source: CHCH
Correction: This article originally reported that the location of the Bitcoin ATM machine was at Smoke Bourbon BBQ House. This restauranct actually accepts Bitcoin as a form of payment, but does not have a Bitcoin ATM machine.