Why Vancouver is Canada's Most Bitcoin-friendly City

Posted by Techvibes NewsDesk

Canada’s open-mindedness toward technology and its enviable history of stable banking practices make our country one of the world’s prime locations to work with bitcoins, and Vancouver has proven an enthusiastic early adopter.

In nations such as Australia, the U.S. and Canada, governments have essentially left the bitcoin alone. Consequently, the digital currency is thriving in Canada, particularly in B.C. For example, Vancouver is proudly home to the world’s first bitcoin automated teller machine, which opened last October (Toronto followed suit, opening one in January). Jointly operated by Vancouver-based Bitcoiniacs and U.S.-based Robocoin, the Vancouver ATM converts bitcoins to Canadian dollars and vice versa. It’s located inside a Waves Coffee House downtown.

Several local companies have been receptive to the digital currency. In January Vancouver’s Clearly Contacts Ltd. announced plans to accept bitcoins for purchases. As the world’s largest online eyewear retailer, Clearly Contacts is setting a precedent for widespread acceptance of the bitcoin. “As an e-commerce company, we’re excited to see digital currency gaining momentum,” founder and CEO Roger Hardy said at the time of the announcement.

 

Read the rest of this article by Techvibes editor-in-chief Robert Lewis in BCBusiness.

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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