How the Bitcoin Landscape in Canada is going to Change in the Coming Months

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How the Bitcoin Landscape in Canada is going to Change in the Coming Months
How the Bitcoin Landscape in Canada is going to Change in the Coming Months

How the Bitcoin Landscape in Canada is going to Change in the Coming Months

Canada has been a country that has welcomed Bitcoin wholeheartedly. Customers in the country now prefer exchanging their Canadian cash for the digital currency, and for that they also have several outlets like Bitcoiniacs, a physical store in Vancouver that acts like a Bitcoin broker. However, now everything is going to be transformed soon as Bitcoiniacs has announced that it will be bringing five Bitcoin kiosks.

Now there would not be any requirement for customers to visit brokers to exchange their Canadian cash into Bitcoin; rather, they can go to the Bitcoin kiosk and get their virtual currency in exchange of Canadian dollars. It will be much more comfortable for customers than ever as they would be getting user-friendly professional transactional experience.

Canada Has a Lucrative Market

Bitcoiniacs understands that Canada has a large number of pro-Bitcoin people and to cater them it has ordered five Bitcoin kiosks from a Las Vegas-based company called RoboCoin. The company is mulling a plan to roll the Bitcoin kiosks across Canada in the coming months. Customers may exchange their Canadian dollars with Bitcoin as early as the next month.

As has been admitted, Canada provides wide support to Bitcoin wherein not only the people but the Libertarian Party of the country has extended its support to it, is all set to become a popular option. Earlier the Libertarian Party, like the Libertarian Party of the US announced that it is accepting Bitcoin donations from its supporters. The party gives principled support to the virtual currency.

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Bitcoiniacs declares that four more kiosks will arrive in December; however, it is not yet clear where the locations would be of these kiosks. Observers however admit that in all probabilities the locations such as Toronto, Montreal, Calgary and Ottawa may be the ones which would be getting Bitcoin kiosks.

The 27-year old, Mitchell Demeter, owner of Bitcoiniacs says that basically, Bitcoin kiosks just make it easier for people to buy and sell Bitcoins and hopefully will drive the adoption of Bitcoin, and make it more accessible for people. Observers admit that using a kiosk means customers don’t have to wait to verify their account on an exchange or hand cash to a stranger.

The measure on the part of Bitcoiniacs will definitely help Bitcoin become a popular option for customers. Additionally, the kiosks will be making Bitcoins more accessible to people by adding an element of legitimacy and increases liquidity in the market.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com