BitAccess Bitcoin ATMs Doing $10K in Transactions Daily
If we've learned anything in the past few months about bitcoin ATMs, it's that it's big business. Last year, the first bitcoin ATM to be made available to the public (installed in a downtown Vancouver by Nevada-based Robocoin) did about $1 million in transactions in the first month. But a new startup called BitAccess, based in Canada, is hoping to make a splash in the market. With $10 million in funding committed by BiT Capital, this ATM manufacturer has already launched a bitcoin ATM in Montreal, another in Ottawa, and Toronto, with other locations in Canada planned. The company's....
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The first permanent installation of a bitcoin ATM in Ottawa is slated to be unveiled Thursday in the Byward Market area. Manufactured by a start-up company called BitAccess, the bitcoin ATM will find itself at the Clocktower Brew Pub on Clarence Avenue in the country's capital city. As one one come to expect, the ATM will allow customers to buy bitcoin (up to $10,000 daily), and sell that bitcoin for cash. Ottawa isn't the last stop, however. BitAccess - which has come together with the help of Bit-Capital - is planning to launch yet another bitcoin ATM in Toronto. The company says they've....
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....
Cryptocurrency broker SBEX has announced a unique partnership with Canada-based bitcoin ATM manufacturer BitAccess to deploy a bitcoin ATM network in Switzerland (where SBEX is based). Earlier this year, the first permanent bitcoin ATM in the country was installed in a Geneva restaurant, garnering immense attention among bitcoin enthusiasts in the city. That same ATM was also showcased at the Geneva Internet Platform event held on United Nations property on several occasions. Now, a round of ten BitAccess ATMs have been shipped from Canada to Switzerland to enter operation. "This....
See update below. Canadian bitcoin exchange CAVIRTEX took to social media on Tuesday to tease a little something our Canadian bitcoin friends might find exciting. The company is apparently planning to deploy a small network of bitcoin ATMs in Canada. With little other information, the company posted two images on their official Twitter account. The first image depicted a lone unit branded with the famous Canadian flag. The second, a series of units. Eight of them to be exact. Not a terrible lot more is known about the deployment of the network, thought he company did indicate that one of....
We really started to hear a lot about bitcoin ATMs late last year, when Las Vegas-based Robocoin launched the first two-way ATM in a downtown Vancouver coffee shop (that device went on to process over $1 million CAD in transactions in one month). Since then, to say that this industry has flourished is an understatement. According to the Bitcoin ATM Map - a service that keeps track of bitcoin/cryptocurrency ATMs - there are now over 200 ATMs that cater to crypto enthusiasts in operation globally. These ATMs are distributed across six continents from over 15 manufacturers. Five manufacturers....