Ontario-based company LocalCoin which specializes in bitcoin-related services announced on March 29 a partnership with Gateway Newstands, bringing a network of Bitcoin ATMs to Toronto’s subway.
Gateway Newstands is a chain of convenience stores and currently has more than 500 convenience stores, with the majority of them located on Toronto Subway lines operated by the Toronto Transit Commission (TTC). Thus, it provides an extremely convenient and accessible location for LocalCoin bitcoin ATMs.
There are currently 50 ATMs located in Toronto. These ATMs are located at major hubs along the subway line such as Yonge and Bloor Station, Queens Park Station, Kennedy Station, Union Station, Scarborough Town Centre, Lansdowne and Finch GO Station. In the near future, there are plans to rapidly increase the number of Gateway Newsstands partnership ATMs across Canada and the United States.
LocalCoin is also the first and only bitcoin ATM network located along Toronto Subway lines, as they seek to ensure that the use of cryptocurrencies becomes a normalized part of the mainstream marketplace.
In a statement on Thursday, March 29, LocalCoin said:
“Having our ATMs located in easily accessible and safe environments has always been a priority for us – and it is with these principles in mind that we can officially announce that our ATMs can now be found at Gateway to Go locations in select TTC stations.”
Looking to Get Started?
LocalCoin ATM exchanges involve an easy three-step process that gives the client full control of their trade. The steps are as follows; simply press buy, insert your cash, and scan the QR code on your wallet, and the bitcoin equivalent gets transferred to your wallet.
LocalCoin assures clients that the security and anonymity of transactions are of utmost importance to them. Hence they have made it a priority to constantly update all their systems in line with any security issues. LocalCoin also provides its clients with the benefit of a toll-free telephone line for all inquiries and request.
Other Services Offered
LocalCoin has recently implemented the use of a LocalCoin prepaid debit card that makes transactions considerably more accessible for its clients. Clients can also enable the card carriers to carry out quick and easy transactions online from the solace of their home and in-person.
Additionally, they offer their online services to clients that use Flexepin vouchers which are available through several retailers. Lastly, there is a wire transfer option on their website which enables clients to make large bitcoin purchases.