Canadian digital currency exchange CaVirtex is reportedly planning to launch a network of bitcoin ATMs across Canada.
The news comes along with plans to re-introduce a balance deposit feature, a new trading API, and a new merchant user interface.
Details with regard to the program are very much under wraps at this juncture, with the company’s business development manager Reed Holmes telling CoinDesk that the exchange is looking into the idea and formulating how such a network would be formed:
[blockquote style=”2″]There are a lot of different moving parts there – who’s going to be operation, where are they going to be operated from – there’s quite a bit, obviously as you can imagine, that goes into it. We’re still getting all that stuff together[/blockquote]
CaVirtex is reportedly in touch with a number of different crypto-ATM manufacturers in attempts to organize deployment. In addition, CaVirtex is researching potential operators.
Thus far, no decisions have been made, and nothing written in stone.
Full-on deployment of such a network isn’t an easy task. As such, the company says they have no sort of timeline as to when things will get going.
Bitcoin ATMs have seemingly thrived in Canada since the arrival of the Robocoin ATM, which launched first in a downtown Vancouver coffee shop.
Since then, a number of other ATMs (from other manufacturers like Ottawa-based BitAccess) have been launched in the country and are seeing varying degrees of success (the Vancouver ATM pulled $1 million transactions in a month).