Bitcoin cash machine in Canada

Vancouver based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term broker – Bitcoiniacs – has ordered a Bitcoin ATM machine

Bitcoin has been a difficult topic to dodge in the last few months; an influx of interest and activity around the crypto-currency has placed it – center stage and in the spotlight. And it appears that it will be staying there for some time.

The latest in the world of Bitcoin is that it is becoming increasingly user-friendly, less time consuming and decreasingly, the singular sport of techno-geniuses, "Our goal is to make Bitcoin truly grandma-friendly," says Jordan Kelley, Bitcoiniacs’s chief executive.

Recently, with the subpoena of several Bitcoin processing companies and other calls for Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, questions around the safety of the currency have been brought to the surface. However, the response from those involved in Bitcoins has been, for the most part, breezy and confident: it seems that most service providers working with the currency believe that the concerns and challenges will be swiftly ironed out and that Bitcoin will prevail to become even stronger - the introduction of a Bitcoin ATM into the world is certainly a good illustration of this.

RoboCoin kiosks will enable users to insert cash and then scan a QR code on their phones to transfer the Bitcoins to their wallets (using an app). And the redemption of Bitcoins for cash will also be possible. Five machines have been ordered for Canada (Vancouver being the pilot city) and according to RoboCoin, 10-15 kiosks have been ordered by service providers other than Bitcoiniacs.

Bitcoin has recently been named a real currency by US federal judge but as a result of the supposed laxity of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) compared to US regulators, young Bitcoin businesses are choosing Canada.

Image courtesy of Flickr