The Asian Banker

Is Bitcoin ready to go mainstream?
Launch of Bitcoin exchange Coinfloor and the world’s first Bitcoin ATM in Canada add weight to growing strength of the virtual currency.

Oct 31, 2013 | Magessan Raj

The year ahead could well mark a new dawn for Bitcoin, as recent developments gave the virtual currency a timely popularity boost – establishment of a London-based Bitcoin exchange, and the world’s first Bitcoin ATM in Canada.

Coinfloor, the Bitcoin exchange bidding to build a market for high-frequency trading in the virtual currency opened for business at end-October, having secured funding from Passion Capital and Transferwise co-founder Taavet Hinrikus, with trading set to begin in November.

In Canada, Mitchell Demeter, co-founder of Vancouver Bitcoin trading company Bitcoiniacs has invested in five Bitcoin ATMs to be placed across the country. Built by Robocoin, the first Bitcoin ATM machine opened for business this week in Vancouver, whilst the remaining four will be rolled out across Canada in December.

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Categories: Innovation, Payments, Technology & Operations, Transaction Banking
Keywords: Bitcoin, Coinfloor, FCA UK, Mitchell Demeter, Bitcoiniacs, Robocoin, Jordan Kelley
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