While Robocoin was this week busy demonstrating their bitoin ATM on Capitol Hill, a similar occurrence is taking place up North in Canada.
BitAccess, Canadian bitcoin ATM manufacturer, is demonstrating their kiosk before the Canadian Senate Standing Committee on Banking today.
According to Bitcoin Magazine, the company’s co-founder Haseeb Awan will be showing off the machine’s features and even assisting Senator Irving Gerstein in acquiring some bitcoin of his own.
According to Awan, this move is necessary to help lawmakers understand the technology before they try to regulate it.
As the Canadian government studies the use of digital currency, the demo will help in explaining the benefits of the bitcoin technology.
BitAccess has a number of bitcoin ATMs in operation in Canada. When I spoke to Awan recently, he told me their machines are doing about $10,000 in transactions per day.