CaVirtex to Launch ATMs All Over Canada and Re-Launch Deposit Feature

CaVirtex to Launch ATMs All Over Canada & Re-Launch Deposit Feature

CaVirtex, a Canadian digital currency exchange, recently announced its plans to spread new Bitcoin ATMs across Canada and re-launch a balance deposit feature. Reed Holmes, the CaVirtex business development manager 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.”

The company sent customers a message which detailed improvements in its services such as a trading with API and merchant user interface.

The initial balance deposit feature was offered back in 2013 where users could make deposits through a financial service chain called Money Mart.  However, this service was discontinued in September. The date for the re-launch of the balance deposit feature has not yet been set.

In order to use the in-person bill payment option, users will need to have a verified account. The option allows an invoice to be generated for the amount of deposit. This invoice can then be brought to any Money Mart location. The Money Mart will be able to process the invoice and complete the deposit. Currently, the limit for the deposit is CA $9,500 per day. The monthly maximum is CA $90,000.

CaVirtex to Launch ATMs All Over Canada

Besides re-launching its deposit feature, CaVirtex also plans to launch a network of Bitcoin ATMs across Canada. Holmes said,

“There are a lot of different moving parts there – who’s going to be operating, 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.”

The Bitcoin exchange company is currently researching the idea of spreading ATMs and is trying to figure out the details of the network. CaVirtex is also in touch with different ATM manufacturers, but no purchase has been made as of yet. The company is beginning to plan a road map on how it will start a Bitcoin ATM network in Canada. However, CaVirtex does not have a scheduled release planned out yet.

Image via CaVirtex.