CaVirtex, a Canadian digital currency exchange, is gearing up to roll out a network of bitcoin ATMs across the country.
The company revealed the new plan together with announcement that it will also re-launch a balance deposit feature, a new trading API, and a new merchant user interface.
Go deeper with GlobalData
CaVirtex business development manager, Reed Holmes, was quoted by CoinDesk as saying: "We’re very excited to offer this service again. We feel like it’s something our customers really liked when we had it before, and we hope that they’re excited to see it again."
The company, which initially rolled out cash bill payment deposit option in 2013, did not reveal the re-launch date of the service, which aims to allow people to move their money into the marketplace.
In order to use the cash bill payment option, users require a verified account, which generates an invoice for the deposit amount with daily limit of C$9,500, with a monthly maximum of C$90,000.
The company said that the customers can then bring this invoice to a Money Mart location, which processes the invoice and completes the deposit.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCaVirtex is reportedly negotiating with a number of different crypto-ATM manufacturers to organise Bitcoin ATM network deployment in Canada.
