Decentral, a leading hub for disruptive and decentralized technologies based in Canada, has announced the countrywide launch of a new product - Decentral Bitcoin Cards - that will enable Canadian residents to purchase bitcoin from local retail stores.
“We’ve helped thousands of customers purchase bitcoin at our bitcoin ATM in Toronto, and our goal has always been to increase availability across Canada. Based on the knowledge we’ve gained over the years, we’ve developed a system that makes buying bitcoin as easy and convenient as possible for both customers and merchants,” Decentral founder and CEO Anthony Di Iorio said in a statement.
The product is the first of their kind in Canada and available in denominations of $20, $50, and $100. The bitcoin cards can be purchased at local retail stores and redeemed for bitcoin via the Decentral Bitcoin Card website.
Decentral said that that the cards were initially trialed in 2014 and perfected only last year and will simplify the bitcoin purchasing experience.
“The Cards remove the hassles and technical issues associated with installing, maintaining and using terminals or ATMs,” says Di Iorio. “Our new system can be scaled quickly to new locations without the existing roadblocks and complicated logistics common to Bitcoin ATMs.”
It further said that the cards will be launched in selected provinces later this month, and will be available nationwide before the summer. Moreover, it plans to have Bitcoin, Ethereum and other select digital currency cards available for purchase in multiple retail locations by the end of the year.
