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Bitcoin Kiosks Coming To 5 Canadian Cities

Posted by timothy on from the that-and-100-grams-of-moose-will-getcha-a-cup-of-coffee dept.

dreamstateseven writes "Canadian Bitcoin enthusiasts will be able to exchange Canadian cash for the digital currency through a kiosk that's similar to an ATM. Bitcoiniacs says it has ordered five Bitcoin kiosks from a Las Vegas-based company called RoboCoin and intends to roll them out across Canada in the coming months, with the first machine expected to land in Vancouver in early October. The kiosks allow users to select how much money they would like to spend, insert cash into the machine and then scan a QR code on their phone to transfer the Bitcoins to their wallet."

3 of 121 comments (clear)

  1. Re:How about no? by Dunbal · · Score: 4, Informative

    It's not fraud at all. They are not making any false promises. They say they will give you bitcoin in exchange for cash, and that is exactly what they do (less a modest commission I'm sure). It's not their fault if you haven't researched Bitcoin at all and get taken out by one of the swings in value.

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    Seven puppies were harmed during the making of this post.
  2. Re:Much like Gold by Dunbal · · Score: 3, Informative

    Gold is a safe haven not an investment.

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    Seven puppies were harmed during the making of this post.
  3. Re:Lacking faith in the currency? by cOle2 · · Score: 5, Informative

    If you read the article linked, you will know that these machines will both sell and BUY bitcoins.