Canadians Leading the World in Bitcoin Accessibility and Security
The world of Cryptocurrencies like Bitcoin and Dogecoin has long seen it's barriers, both the technical nature of the coins and the amount of strict banking regulation surrounding their purchase and exchange has made it complicated for users to get involved in this evolving medium. Yet this is all beginning to change.
Canada's largest international Bitcoin exchange has always been dedicated to being a world leader at simplifying the world of cryptocurrencies, and today announced a number of exciting new features to better enable access to Bitcoin and other cryptocurrencies.
Director of Marketing, Adam Cochran, announced today a number of new payment methods including "Instant Interac Deposits" that would allow users to quickly and efficiently purchase Bitcoin and other cryptocurrencies on the exchange.
Until now Bitcoin users were used to either going to payment merchants, Bitcoin ATMs or wiring from their local bank in order to get money into exchanges. Now they can simply buy Bitcoin from the comfort of their own living room.
Beyond this Cochran also announced exciting new features in withdrawing their balances from Vault of Satoshi, including pre-paid debit cards and pre-paid mastercards that would allow users to quickly access their Vault of Satoshi balance anywhere they go - and, as Cochran pointed out, makes it easier for users to "live off of Bitcoin".
Cryptocurrencies have had a rough start due to many industry scandals and legal battles. But, not only is Canada proving to be a world leader in Bitcoin friendly regulation, but Vault of Satoshi is known for leading the industry in trust, security and transparency.
Earlier this year Vault of Satoshi became the world's first exchange to implement a "Cryptographic Proof of Solvency" in accordance with the Bitcoin standard, which allows users to validate the holding balances of the exchanges full reserve and prevent insolvency scandals. At the time Cochran was quoted as saying: "We don't implement these things because they are easy, or because they are profitable. We implement them because it's the right thing to do. It's what is right by our customers. Maybe it's just the Canadian side of us, we focus highly on trust, integrity and world-class customer support. We're just unapologetically Canadian!"
It's an exciting time for the global economy as Bitcoin pushes into the mainstream and makes personal finance, simpler, more efficient and more profitable - and it's great to see that Canadians are leading the charge!
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