SecuraCoin has announced that Canadians can now perform a variety of Bitcoin transactions at five brick and mortar locations in the Greater Toronto Area (GTA). Another 30 locations are planned in the coming 60 days.
The company enables and trains their agents to sell bitcoins to customers or accept them for payment. It also lets them “BitZipp” bitcoins to recipients via e-mail or SMS. An online service to buy/sell bitcoins and various mobile apps are planned for the future.
SecuraCoin says that it has partnered with Bitcoin exchange Buttercoin and others to facilitate the Bitcoin exchange.
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Out of the 5 current locations, 4 are Simply Cash stores, which offer payday loans and related money transmission services like those of Western Union and MoneyGram. The other location is 80Print, a professional printing service.
The company is targetting both money services businesses (MSB’s) and retail services businesses (RSB’s) to expand its agent network, the latter of which would also have to obtain money services business licensing in order to transmit funds.
The company is aiming to expand in Canada beyond the GTA, followed by the US and eventually Europe.
A similar, but much larger model is operated by ZipZap, which recently brought on board 20,000 retail locations. SecuraCoin says that it makes the process easier with no online pre-registration required, and for a competitive rate.