Canadian decentralized technologies hub Decentral will soon enable citizens across Canada to easily purchase bitcoin, the innovation hub revealed in an announcement today.
Toronto-based innovation and disruption hub Decentral has announced a new series of ‘bitcoin cards’ that can be purchased at local retail stores nationwide.
The Decentral Bitcoin Cards will be available for buyers in denominations of $20, $50 and $100. The cards fundamentally work like a gift card, pre-loaded with fiat cash. Buyers can then redeem the cards for bitcoin via Decentral’s website.
As an innovation hub, Decentral provides blockchain and fintech consultancy services and has previously installed a two-way Bitcoin ATM.
The bitcoin cards were originally trialed throughout 2014 before tweaked for launch in 2015. In a statement, Decentral founder and CEO Anthony Di Iorio spoke about the convenience that cards can bring for new bitcoin adopters.
The Cards remove the hassles and technical issues associated with installing, maintaining and using terminals or ATMS.
Our new system can be scaled quickly to new locations without the existing roadblocks