Canada is changing its Bitcoin exchange landscape with five new simple yet impressive machines: the Bitcoin ATMs made by the Las Vegas company Robocoin. These devices will soon be available in the country thanks to the efforts of the crypto store Bitcoiniacs, a physical business in Vancouver that acts as a Bitcoin broker and has already gained many customers. So, what will be different with the introduction of these machines? We believe a lot will change from now on. Just the fact that you can use a simple machine to trade your fiat currency for Bitcoins, and vice versa, is such an exciting opportunity that we think something great is on the horizon. Perhaps even a wider acceptance of cryptocurrency usage.
The first machine is set to arrive in Vancouver in early October, while the other devices are expected to come in December to cities like Toronto, Montreal, Calgary, and Ottawa. Many local Bitcoin users are thrilled about this news, as they believe it will make it simpler for people to buy and sell Bitcoins based on the current exchange rates.
Besides being super easy and safe to use one of these machines, you also won’t have to wait several days to verify your transaction, like it usually happens when operating through an online exchange. This makes Bitcoins more accessible to people and still adds that necessary element of legitimacy that will attract several new users, for sure. Robocoin says that the idea is to provide visibility to Bitcoins and add trust to the exchange process. That is why the kiosks will allow customers to quickly make a transaction using cash or a simple receipt with a QR code. To find out more about these amazing machines check out our infographic!