Ottawa's first bitcoin ATM being installed in pub


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DATE: Jan. 16, 2014, 6:09 p.m.

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  1. Ottawa's first permanent bitcoin ATM will be unveiled in a Byward Market pub on Thursday.
  2. The digital currency isn't in actual coins, but can be bought or traded on the internet and converted into real dollars.
  3. As of Tuesday, one bitcoin was valued at about US$860.
  4. The first bitcoin kiosk in Ottawa was being installed Wednesday at the Clocktower Brew Pub on Clarence Avenue. The ATM was made by Ottawa-based BitAccess, with help from Bit-Capital.
  5. "We're pretty excited about it," said Ryan Wallace, BitAccess's CEO. "It's taken off explosively in the past couple of years. I think 2014 is going to be the year it goes mainstream and becomes a public name."

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