Posted by & filed under business models, e-payment, Ecommerce, industry analysis, revenue model, virtualization.

Description: As Bitcoin interest mildly increases, an ATM for the virtual currency appears in Toronto. But why use a physical teller machine to deposit virtual money into a virtual account?

Source: TechVibes

Date: January 17, 2014

bitcoins

 

In a continued effort to lend an air of legitimacy to the collective fever dream that is BitCoin, a new Bitcoin ATM has been installed in Toronto. The machine is the second of its kind in Canada, after a similar ATM appeared in the wild in Vancouver last October. The new Bitcoin automated teller machine is stationed at King West and Spadina in Bitcoin Decentral, an office shared by a handful of disruptive companies looking to innovate around the virtual currency. Read Rest of Story

Questions for discussion:

1. Would you use a Bitcoin ATM; or do you find the idea counter-productive?

2. In which situations would paying  in Bitcoins be the better choice to CDN dollars?

One Response to “Following in Vancouver’s Footsteps, Bitcoin ATM Launches in Toronto”

  1. LouisMcClendon

    Interesting article, thanks! I’ve subscribed to your website posts. Nice ideas in this blog. ATM machine to buy and sell bitcoin using cash, credit, or debit cards. Buy and sell instantly! No more waiting! Bitcoin ATM

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