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Canadian Exchange CaVirtex to Launch Bitcoin ATMs Across Canada

CA Virtex
Canadian digital currency exchange CaVirtex has announced plans to relaunch a balance deposit feature and establish a new network of branded ATMs.The company revealed the plans in a 1st May message to customers, outlining a number of future services improvements, which include a new trading API and merchant user interface.CoinDesk spoke with CaVirtex business development manager Reed Holmes, who framed the choice to relaunch the bill deposit option as a bid to make it easier for people to move their money into the marketplace.Holmes told CoinDesk:“We’re very excited to offer this service again. We feel like it’s something our customers really liked when we had it before, and we hope that they’re excited to see it again.”From cash to coinsThe planned cash bill payment deposit option, which does not have a set launch date, was initially offered to customers in 2013 before being discontinued last September. Under the service, customers can make deposits via Money Mart, a consumer financial services chain.Customers need to have a verified account to use the cash bill payment option, which generates an invoice for the deposit amount.Users can then bring this invoice to a Money Mart location, which processes the invoice and completes the deposit. There is a deposit limit of CA$9,500 per day, with a monthly maximum of CA$90,000.Holmes couldn’t say when the service would launch, saying that the company planned to accept cash bill payments “soon”.Plans for future ATM networkCaVirtex is also in the early stages of planning an eventual bitcoin ATM network launch.Holmes told CoinDesk that right now, the company is focused on researching the idea and determining how exactly the network would be composed.Said Holmes:“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.”Holmes added that the company is in contact with several ATM manufacturers but has not made any purchase decisions. Additionally, CaVirtex has no concrete timeline for when the ATM network would begin to be deployed.The exchange is also in the process of vetting potential ATM operators.Image via CaVirtexBitcoin ATMsCAVirtexexchanges
Original author: Stan Higgins