Bitcoin: A new tie during one Canadian university

Simon Fraser Bit Coin Club.  Photograph by Della Rollins

Simon Fraser Bit Coin Club. Photograph by Della Rollins

Within weeks of Nasreen Mohsin relocating to Vancouver in Sep to start a master’s of engineering during Simon Fraser University, one of her friends behind home in India had an emergency. Mohsin won’t hold a specifics, though her crony indispensable 6,000 rupees, or about $120—and fast.

One choice was to use a normal money-transfer service, like Western Union, though her crony endorsed they make a send around Bitcoin. Not usually would it be fast, though a fees would be subsequent to nothing.

Bitcoin is a tellurian banking that usually exists digitally. Who prints it? Nobody. What’s a executive management or bank that controls it? There isn’t one. For a layperson, Bitcoin is useful as a approach to send income from indicate A to indicate B—so prolonged as both places have entrance to a Internet—with no need to go by a bank and, therefore, incurring probably no transaction fees.

Fortunately for Mohsin, removing her hands on a digital banking was intensely convenient. “The nearest [Bitcoin] ATM was during SFU,” Mohsin says.

In May, Simon Fraser became a initial Canadian



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