That should save on shipping costs, as the ATMs are manufactured by Ottawa-based maker BitAccess. BitAccess is a rising star in the bitcoin industry thanks to its entrance into the Y Combinator startup accelerator program last month. The company already has 45 active bitcoin ATMs in various locations in North America, and the machines are said to strike a good balance between ease of use and AML/KYC requirements. The devices are two-way ATMs, allowing users to both withdraw and deposit Canadian dollars.
It’s not known precisely when the ATMs will launch, although it is likely that each ATM will have a dedicated launch event. CAVIRTEX has offered few hints about where the ATMs will end up beyond noting they will be placed in “high-traffic locations.”