A new partnership between Calgary-based startup CAVIRTEX, Ottawa's BitAccess, and Gateway Newstands brings six new Bitcoin Teller Machines (BTMs) to Toronto and the GTA, making the city the "global leader in BTM accessibility."
Developed by BitAccess, the machines work by connecting with CAVIRTEX's online trading exchange to help "ensure users are getting the best price available," a release stated. Customers can purchase Bitcoins directly from the machine using any mobile phone that accepts text messages either by scanning a QR Code or by getting a paper printed wallet from the machine itself. The machines are capable of buying and selling up to $3,000 worth of Bitcoin.
There are more than 500 Gateway Newstand locations. So far, locations with Bitcoin machines have seen an increase in customer traffic.
BitAccess has installed BTMs in most major Canadian cities, but Toronto takes the cake with 30 machines.
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Original Source: Venture Beat