Quadriga Fintech Solutions to Launch Fleet of New BitXATMs across Canada
A new fleet of BitXATM machines is set to launch across Canada in the coming months. Quadriga CX, Canada's largest Bitcoin exchange, has big plans to install their new SumoPro two-way bitcoin ATMs in prime locations across the country. These units will be delivered in batches of five and placed in several major cities including Vancouver, Toronto and....
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Canada-based bitcoin exchange Quadriga has announced it has entered into an agreement that, if executed, will find the company debuting on the Canadian Securities Exchange (CES) as soon as next month. The news follows a shareholder meeting on 2nd March and a decision by the Supreme Court of British Columbia to allow Quadriga to conduct a reverse takeover of the shell company Whiteside Capital Corporation. Co-founder Michael Patryn indicated that the move will provide Quadriga with increased capital while satisfying what he called the public demand for bitcoin-related investment....
Quadriga Corp is launching Canada's first exclusive research and development lab for Blockchain technology and is already working on its first project. Quadriga Corporation is launching Canada's first R&D lab for Blockchain technology and has already drawn up plans for its very first project. In a press release, Vancouver-based Quadriga, widely known as Canada's largest bitcoin exchange has chalked out the lab's first project - a platform developed to serve two core functions. They are, handling the "onboarding and client data management for financial crime systems" using Blockchain....
The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm mandated with administering Quadriga’s liquidation process, says it will not be able to reimburse in full all the claims. Disproportionate Claims As shown in one report, the trustee says it “received completed claim forms from 17,053 creditors of the exchange while a total of 42,957 claims....
“The FinTech industry has done a great job at positioning Canada high up on the global scale,” Gerald Cotten, CEO of Canadian Bitcoin exchange Quadriga.CA, tells CCN. He adds: We are quite thrilled to see how our country has been embracing this emerging industry and innovation. Lots of great minds that are following through with an execution. Canada’s Commissioner of Competition, John Pecman, discussed October 6th 2016 the link between competition and innovation. The Commissioner suggested new disruptive technologies challenge not only traditional business but, as well, regulatory models.....
Interest in blockchain technologies in Canada is growing rapidly as new fintech startups and blockchain ventures are launched and governments indicate they are interested in the possibility of Canada becoming a global fintech/blockchain hub. Even the central Bank of Canada is getting in on the act conducting experiments with blockchain technology and digital currencies. A recent AdvantageBC study said that Canada, particularly the western province of British Columbia, is well positioned with technical expertise and a vibrant fintech ecosystem to lead the world as a global fintech hub of....