Canada’s Newest Bitcoin Hotspot: Edmonton

Until recently, Edmonton hasn’t stood out from other Canadian cities when it comes to Bitcoin. Bitcoin ATM’s have sprung up

Until recently, Edmonton hasn’t stood out from other Canadian cities when it comes to Bitcoin. Bitcoin ATM’s have sprung up in a number of cities- the latest being Winnipeg– and Bitcoin Decentral in Toronto is a rare physical abode for an otherwise digital universe.

But Edmonton has become one of the fastest growing Bitcoin hotspots in Canada, according to Global News. It is reported that local meetups are attracting more attendees than any other city.

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Peter Dushenski, local community developer, estimates that the local Bitcoin community has grown to several hundred or even several thousand people.

Downtown, the City Market is one landmark that has been accepting Bitcoin. When asked about the risks posed by Bitcoin’s volatility, vendor Rick Rosboro says, “It’s a little bit scary because you don’t know what’s going to happen with Bitcoin.  Is it going to become more and more and more popular and therefore more valuable or will it be shut down by the banks and the government?…I think it’s worthwhile… We need to have some change on this planet in the way money is dealt with, in a way that’s fair.”

Most recently, Coinfest Edmonton took place, bringing together everyone from beginners the the most savvy. Their website offers direction to those looking to learn more and get involved with Bitcoin. It also keeps a directory of local businesses accepting it.

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