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QuadrigaCX, Canada's leading Bitcoin exchange, has revealed its plan to establish a Bitcoin ATM network across the country along with installing BitXATM Sumo PRO in all the major cities.
Commenting on the latest development, QuadrigaCX's CEO Gerald Cotton said, "We are excited to finally be bringing some functional and beautiful two-way Bitcoin ATM machines to Canada."
The ATMs will function on the company's platform and will enable users to directly deposit and withdraw cash from QuadrigaCX balances. Cotton expects the first batch of ATMs to be set up in early June in Vancouver and as an early promotional offer, no fees will charged for ATM operations.
"We've done our research. We know the owners of every major Bitcoin ATM company. We have used many of them and spoken to previous owners. We have conducted extensive due diligence and feel as though our track record with regard to Bitcoin ATM distribution across Canada will allow us to continue to provide a superior service", he added.
