Bitcoin Decentral is one of Canada’s first physical locations which Bitcoin and cryptocurrencies can call home. “Centrally located” in the fashion district in downtown Toronto, the building boasts over 5500 square feet and 4 floors to serve a variety of Bitcoin initiatives.
It is also home to Toronto’s first, and long awaited, Bitcoin ATM. Accounting for other ATM’s in Vancouver, Montreal and Ottawa, Canada has become the world’s top Bitcoin “dispensing” nation.
Though the concept of a central, physical abode should seem antithetical to the whole notion of decentralized, digital currency, the facility aims to bring people and organizations together to strengthen Bitcoin. It seeks to “provide the location, services and tools for disruptive technology innovation initiatives”.
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The organizations calling Bitcoin Decentral their home include:
- KryptoKit: a plugin for Google Chrome that provides an instant Bitcoin wallet, secure storage and “frictionless payments”.
- Bitcoin Alliance of Canada: organizers of this year’s Bitcoin Expo at Toronto’s Convention Centre
- CoinTalk: launched in December 2013, they launched the world’s first HD cryptocurrency show and podcast.
- Toronto Bitcoin Meetup
Aside from the dedicated enthusiasts, other patrons include local business owners considering whether to accept the cryptocurrency, miners looking to share tips on the best hardware and entrepreneurs exchanging ideas on the next big gig.
Combining an ATM, businesses, organizations and enthusiasts under one roof, Bitcoin Decentral will play a pivotal role in connecting what many perceive as cryptically confusing to the average person. Should Bitcoin flourish over time, they may quickly run out of space and need to upgrade- or simply just go virtual.