This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Bitaccess announces the expansion of their purchasing methods to include EFT for all customers in Canada. EFT allows users to purchase both Bitcoin and Ethereum from the comfort of their own home, and is similar in function to a traditional bank transfer. In addition to the convenience of online payment processing, EFT also comes with lower fees than customers would encounter at a BTM, or when trading person-to-person.
Electronic Funds Transfer (EFT) are known for their security, high speed-for-quantity, and cost efficiency. They are generally used to authorize the payment of bills, rather than the transfer of personal funds between accounts. EFT payments are sent between financial institutions in single, daily batched transactions by way of an automated clearing system, recognized for its utility around the world. The action of sending and receiving transfers via batched transactions allows fee’s to be significantly diminished from the high rates paid by individuals using EFTs close counterpart, the Wire Transfer.
Customers wishing to engage this new style of payment must sign into or sign up for a bitaccess user account, and then create a ‘Buy Order’ that specifies EFT transfer as their chosen payment method. EFT hasn’t been available since 2016 when Coinbase abandoned the Canadian Market, Bitaccess has been focusing on serving Canada since 2014 with a locally based team and manufacturing.
Visit bitaccess.co to pay for your next digital currency investment using EFT.
Who is Bitaccess?
Bitaccess’ mission is to provide people and businesses around the world with access to digital currency and blockchain technology. Bitaccess has installed Bitcoin ATMs (BTMs) in half a dozen countries, and continues to develop digital currency technology that is secure, accessible, and easy-to-use. In addition to EFT, bitaccess allows Bitcoin and Ethereum to be purchased via their ATM partners, in-stores using prepaid vouchers, and with participating debit cards on the Interac network.
EFT is open only to Canadian residents at this time.
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.