Bitcoin

Read

<p class="is-style-lead">WonderFi has announced a strategic partnership between its subsidiary, Bitbuy Technologies Inc., and Localcoin, the largest Bitcoin ATM provider in Canada.</p> 
<p>Under this partnership, Bitbuy’s digital asset services will now cover up to half of the Bitcoin ATMs in the country.</p> 
<h2 class="wp-block-heading" id="the-no-2-sector-power">The No. 2 sector power</h2> 
<p>According to WonderFi, Canada continues to hold prominence in the crypto ATM arena, boasting a total of 2,747 ATMs, second only to the U.S. Through its subsidiaries, WonderFi Technologies currently provides 1.6 million Canadians with access to regulated crypto trading and staking through subsidiaries including Bitbuy, Coinsquare and CoinSmart. The exchange became the second to relist XRP after&nbsp;<a href="https://crypto.news/bitbuy-relists-xrp-amid-improvements-in-ripple-vs-sec-case/" target="_blank" rel="noreferrer noopener">Binance</a>.</p> 
<p>With the completion of the Localcoin partnership, Bitbuy’s digital asset services are poised to extend their coverage to some of the firm’s ATMs.</p>  
<p> You might also like: <a href="https://crypto.news/bitbuy-relists-xrp-amid-improvements-in-ripple-vs-sec-case/"> Bitbuy relists XRP amid improvements in Ripple vs. SEC case </a> </p> 
<p>Localcoin is a prominent player in Canada’s cryptocurrency ATM sector, offering a network of easily accessible and user-friendly ATMs across the nation for buying or selling Bitcoin, Ethereum, Litecoin. Localcoin’s reach encompasses 920 ATMs, securing a substantial 33% share of the cryptocurrency ATM market in Canada.</p> 
<h2 class="wp-block-heading" id="paving-the-way-for-canadians">Paving the way for Canadians</h2> 
<p>Despite uncertain regulations to the South and across the pond, the announcement of the new partnership, coupled with&nbsp;<a target="_blank" href="https://crypto.news/coinbase-enters-canada-shibarium-faces-post-launch-hurdles-adoption-maintains-momentum-weekly-recap/" rel="noreferrer noopener">Coinbase entering the country</a>&nbsp;in August of this year, highlight Canada’s continued interest in digital assets.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Coinbase says Canada could become a leader in the global crypto-economy" width="1020" height="574" src="https://www.youtube.com/embed/dIVBeRZqiyk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>Therefore, despite Binance announcing its <a href="https://www.binance.com/en/feed/post/518931" target="_blank" rel="noopener">leave from the country</a> earlier this year, more recent announcements suggest that Canada could be a leader in the global crypto economy.</p> 
<p> Read more: <a href="https://crypto.news/coinbase-enters-canada-shibarium-faces-post-launch-hurdles-adoption-maintains-momentum-weekly-recap/"> Coinbase enters Canada, Shibarium faces post-launch hurdles, adoption maintains momentum | Weekly Recap </a> </p>

Bitbuy enters partnership with Canada’s largest Bitcoin ATM Provider

Table of Contents

crypto.news

Other articles published on Sep 18, 2023

XRP’s Future Unveiled: Crypto Analysts Decipher Outcomes Beyond $0.50

Ant Group Reportedly Plans Withdrawal from $100 Million Crypto Venture A&T Capital

Arbitrum Stylus: The Future of Ethereum Development Made Simple

Cardano Loses Ground And Approaches Low Of $0.23

RTX Stock Price Analysis: More Downfall Pending in RTX Corp?

Lean Community and FreeLIB Newsletter - Week #37

Join our free newsletter for daily crypto updates!