[2014-06-17] newsBTC: Canadian Start-Up Quadriga CX to Install 30 Bitcoin ATMs

[scribbles]

http://newsbtc.com/2014/06/17/quadriga-cx-vancouver-skyhook/

A start-up based out of Vancouver’s oldest neighborhood, Gastown, is planning to bring a slew of bitcoin ATMs to the city in hopes of cashing in on the current bitcoin revolution taking place.

Quadriga CX, as they are known, is actually a bitcoin exchange. They’re flexing their business model to sprinkle ATMs throughout Vancouver, and they’ve placed an order for 30 Project Skyhook ATMs and are hoping to install them in busy retail and restaurant locations.

[bryant.coleman]

Great news. Quadriga CX has the perfect Bitcoin ATM service. The reasons are:

1. The fees is just around 3%, which is much lower than that of the other ATMs.
2. Their ATMs are affordable, and comes at $999 apiece.
3. No ID proof is required for Bitcoin purchases.

[ShakyhandsBTCer]

Great news. Quadriga CX has the perfect Bitcoin ATM service. The reasons are:

1. The fees is just around 3%, which is much lower than that of the other ATMs.
2. Their ATMs are affordable, and comes at $999 apiece.
3. No ID proof is required for Bitcoin purchases.

How do they get their ATMs to be so cheap?

[bryant.coleman]

How do they get their ATMs to be so cheap?

They are very simple, and portable ATMs. They have only the most basic functions. And you can't sell your Bitcoins using those ATMs. They can only be used to purchase Bitcoins.

[Swordsoffreedom]

Great news. Quadriga CX has the perfect Bitcoin ATM service. The reasons are:

1. The fees is just around 3%, which is much lower than that of the other ATMs.
2. Their ATMs are affordable, and comes at $999 apiece.
3. No ID proof is required for Bitcoin purchases.

How do they get their ATMs to be so cheap?

That is a good question
Nice to see a bunch of the Lamassu units sprayed around all of Vancouver though

[ganabb]

There's another one powered by QuadrigaCX in Decentral bangtown at the corner of Richards and West Pender.

[cad_cdn]

sent you an email

[freedomno1]

Great news. Quadriga CX has the perfect Bitcoin ATM service. The reasons are:

1. The fees is just around 3%, which is much lower than that of the other ATMs.
2. Their ATMs are affordable, and comes at $999 apiece.
3. No ID proof is required for Bitcoin purchases.

1. Nice finally a decent rate
2. That means a good roi for their machines
3. Not sure if they can get away with that with Bill C-31 but if they could I would be interested in how they were able to get around those damn regulatory and KYC requirements myself.

[gmx95]

Do they really need so many ATMs there now?