BitAccess and LibertyX Struggle for In-Person Bitcoin Purchasing Market
BitAccess, the popular Bitcoin ATM manufacturer, has enabled customers to buy Bitcoin via debit card or cash in Canada by implementing Bitcoin purchases at over 6,000 locations in Canada. BitAccess’ well-established competitor, LibertyX, has 19,000 retail locations south of the border, in the US. Flexepin technology. BitAccess’ new retail locations will use Flexepin technology, which involves buying a receipt-like gift voucher with a debit card or cash, and then entering the code printed on it into your BitAccess account, which will then credit the BTC amount to your wallet. This service....
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The Boston company that launched the first United States bitcoin ATM, LibertyX (formerly Liberty Teller), has announced its national expansion plan. The new plan will span the nation, including 33 states at over 2,500 locations. LibertyX will allow customers to locally purchase bitcoin quickly, safely, and conveniently. Customers will, effective immediately, be able to purchase bitcoin using cash. For new customers, a LibertyX Bitcoin Pin is purchased from the cashier. When the pin is redeemed online, bitcoin is immediately sent to the address you provide. This transaction is instant,....
LibertyX has raised more than $400,000 in funding from early-stage VC firm Project 11 as part of a seed round and its first public fundraising. Previously operating under the name Liberty Teller, LibertyX formally rebranded this December. The name change coincided with a shift in the company's services, from operating a small fleet of bitcoin ATMs in the greater Boston area to adding an in-person bitcoin buying network supported by 2,500 US merchants. Co-founder Chris Yim explained that the capital will be used to grow the LibertyX team, which today consists of just three employees, while....
Ottawa, ON - Locally owned and operated BitAccess announced today that it will be appearing before the Canadian Senate's Standing Committee on Banking, Trade and Commerce on April 9th, 2014. Co-founder Haseeb Awan is expected to present the ATM's unique capabilities and hopefully assist Senator Irving Gerstein in purchasing some bitcoin from the machine. Mr. Awan will also be discussing the benefits of their technology. The in-person demonstration by BitAccess to key government decision makers is expected to educate the Senate committee on bitcoin's accessibility and ease of use. This will....
Canadian BTM startup BitAccess has revealed a method for purchasing bitcoins without waiting for transactions to be confirmed. The tool, called BitAccess Cash, uses the company’s international network of BTMs to allow users to ‘cash out’ instantly once payment has been sent using a dedicated app. BitAccess, which recently published an investigation on....
NCR Corp., a global leader in ATM software applications, has announced that it is acquiring Libertyx, the crypto company that claims to be “America’s first and largest network of bitcoin ATMs, cashiers, and kiosks.” NCR Acquires Libertyx NCR Corp. (NYSE: NCR), a leading enterprise technology provider, announced Monday “a definitive agreement to acquire Libertyx, a leading cryptocurrency software provider.” Libertyx claims to be “America’s first and largest network of bitcoin ATMs, cashiers, and kiosks.” Its software runs on ATMs, kiosks, and....