Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Bitcoin ATMs arrive in shopping centres across Toronto
– moneysense.ca
TORONTO – A Calgary company is looking to boost the profile of the world’s newest, and most controversial, currency with the launch of six more teller machines in Toronto that deal in the virtual currency Bitcoin.
“With Toronto being the main commercial centre, I think it’s a natural fit,” said Kyle Kemper, vice-president of business development with CAVITREX, a Bitcoin exchange and service provider, at the launch Tuesday in Toronto’s financial district.
“We’re flexible, dynamic and we’re on the forefront of technology and I think that’s something we can be proud of,” he added.
Kemper said the six new machines, which have been installed in select locations, brings the number of Bitcoin teller machines in Toronto to 19 and a total of 30 across Canada.
Bitcoins, created in 2009, are an international virtual currency that are traded online and not regulated by banks or a central authority. Their appeal lies in the ability to make online transactions with relative anonymity and without fees…
“With Toronto being the main commercial centre, I think it’s a natural fit,” said Kyle Kemper, vice-president of business development with CAVITREX, a Bitcoin exchange and service provider, at the launch Tuesday in Toronto’s financial district.
“We’re flexible, dynamic and we’re on the forefront of technology and I think that’s something we can be proud of,” he added.
Kemper said the six new machines, which have been installed in select locations, brings the number of Bitcoin teller machines in Toronto to 19 and a total of 30 across Canada.
Bitcoins, created in 2009, are an international virtual currency that are traded online and not regulated by banks or a central authority. Their appeal lies in the ability to make online transactions with relative anonymity and without fees…
