OTTAWA, ONTARIO, March 8 ,2016 — Bitcoin ATM manufacturer BitAccess has announced the launch of its bitcoin purchasing service to 6,000 physical storefronts across canada. Through a Flexepin bitcoin voucher, people can purchase bitcoin in physical stores with cash or debit card. BitAccess says the process is much like buying a gift card.
Flexepin: Bitcoin Vouchers by BitAccess
Flexepin vouchers can be purchased from a store’s cashier. Customers receive the voucher in the form of a receipt, which can be redeemed for a cash equivalent of bitcoin. BitAccess claims the process of redeeming the vouchers takes 60 seconds.
The company outlines these 3 steps involved in buying bitcoin through their Flexepin vouchers:
- Find a store by visiting https://bitaccess.co/flexepin
- Pay the store cashier for a Flexepin voucher. If the cashier is unable to find Flexepin, tell them it is on the prepaid machine and is just like a paysafecard
- Redeem the voucher at https://bitcoin.bitaccess.co to add bitcoin to a digital wallet of your choice.
People can use Flexepin vouchers to purchase up to $250 CAD of bitcoin per day. Vouchers come in denominations of $10, $20, $50, $100 or $250.
BitAccess is excited about this chance to bring bitcoin to thousands of physical stores across Canada. BitAccess analyst Will Wheeler says told Bitcoin.com that this new program is the next step in the company’s mission:
“We’re continuing our mission to provide people access to digital currency. This includes 6 million unbanked Canadians and 23 million people who live in rural areas of Canada.”
BitAccess is a Canadian bitcoin ATM manufacturer. The company was founded in November 2013 with the mission of providing “every person and business with access to alternative financial services. We promise to develop technologies that are secure, accessible and easy-to-use.”
BitAccess has been featured major tech websites TechCrunch and Motherboard, as well as business magazine Entrepreneur. TechCrunch reported that the company planned to make their ATM machines “ubiquitous.” Motherboard considered BitAccess’ presence sufficient to declare Canada the “Bitcoin ATM capital of the world.” Entrepreneur placed the company on its list of “5 startups to watch at Y Combinator’s demo day” in August 2014.
The company currently operates in a number of countries. BitAccess CEO Moe Adham says that his team views the entire ATM and cash services industries as their competition, and they want to see “how much of that industry we can revolutionize and disrupt.”
What do you think about BitAcess’ Flexepin voucher program? Let us know in the comments below!
Images courtesy of BitAccess.