Canadian Brick-and-Mortar Store Bitcoin Brains Secures 10-Year, $2.1M Deal with BitNational
According to owner and president Dave Bradley, Bitcoin Brains is perhaps the world’s first full-service, brick-and-mortar Bitcoin store in the world — certainly in Canada. The Canadian brokerage services firm and Bitcoin ATM provider BitNational acquired the store’s operations for $2.1 million. The acquisition move is immediately important to Western Canada as a whole, since it consolidates Bitcoin ATM ownership under one ambitious provider. This furthers their goal of creating a country-wide Bitcoin ATM network, and positions it as the leader in Western Canada’s Bitcoin services by....
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BitNational has acquired Calgary-based Bitcoin Brains, a deal that will make BitNational the largest over-the-counter bitcoin brokerage and ATM network in Canada. The companies signed a 10-year, $2.1 million dollar agreement. The acquisition of Bitcoin Brains will allow BitNational to bring a variety of new ways to purchase bitcoins anywhere in Canada. "This is an important step towards our goal of building a nationwide network to give all Canadians easy, instant access to bitcoins," said BitNational co-founder Matt Haddon. BitNational operates bitcoin ATMs in three cities in western....
In a Cryptocoins News exclusive interview, co-founder of BitNational, Drew Glover, discusses the success BitNational has experienced by switching to BitAccess software. BitNational operates nine bitcoin teller machines (BTMs) across western Canada and recently acquired the Canadian Bitcoin brokerage, Bitcoin Brains. They debuted their flagship BTM in North America's largest mall in February 2014 to great fanfare. However, their Robocoin BTM was plagued by technical issues and customer concerns. Last month, BitNational dumped Robocoin and switched to BitAccess software, and since then,....
Canada has long been a hotspot of Bitcoin activity, home to the world's first Bitcoin ATM and (relatively) widespread Bitcoin adoption. Several exchanges have come and gone, but current competitors for this growing market include CoinTrader, QuadrigaCX, Taurus, and now BitNational. BitNational got their start at in West Edmonton at North America's largest mall, where they debuted a Robocoin Bitcoin ATM. They eventually moved on to acquire Bitcoin Brains, Calgary's oldest and most established Bitcoin brokerage, for $2.1 million. Now they're poised to become Canada's largest network of BTMs....
Bit n Mortar is back to youtube with a second episode. Join Bit n Mortar on their travels to brick and mortar Bitcoin accepting locations. In this episode, Bit n Mortar travel to Las Vegas, Nevada and Oceanside, California. Just a heads up, Bit n Mortar posts hidden bitcoins in all their episodes, so watch closely!
La Maison Du BTC in France. Around the world, dedicated Bitcoiners have come together to establish Brick and Mortar “Bitcoin embassies” in order to promote Bitcoin and digital currencies, in general. The first such Bitcoin Embassy came up in Montreal, Canada a few years ago. It is now established as a non-profit organization and has helped establish many Bitcoin companies in Canada, such as pay-bills-with-Bitcoin service Bylls. Brick and Mortar Bitcoin Embassies provide space for Bitcoiners to meet and do all the things that they do. Bitcoiners can trade currencies and ideas, educate....