Netcoins has launched its first series of “virtual” Bitcoin ATMs.
Netcoins turns any device, such as a smartphone or tablet, into a Bitcoin ATM—a Virtual Bitcoin ATM for retail stores.
The Canada-wide rollout is beginning with articipating retail stores in BC, including Vancouver and Coquitlam.
Cofounded in 2014 by brothers Michael and Dominic Vogel, Netcoins took part in cohorts in Vancouver’s “Spring Activator” and Coquitlam’s TriCelerate startup accelerators.
The ATMs run on a tablet, computer, or mobile device at the store checkout, and customers have the ability to buy Bitcoin using cash or debit cards.
“The Netcoins team is excited to be launching in our home city of Vancouver,” says Michael Vogel, CEO of Netcoins.
A Toronto launch is “imminent,” he added.