Canadian cryptocurrency Coinsquare has invested an 8-digit amount to acquire a majority stake in Just Cash, the startup that is able to buy bitcoins (BTC) with software from traditional vending machines.
Coinsquare integrates Just Cash
Coinsquare’s crypto-trading platform has leveraged Just Cash’s innovative technology to facilitate cryptocurrency payments.
This young startup incorporates software in ATMs to allow the option to buy Bitcoin.
According to Kalman Gabriel, the Coinsquare Business Development Manager, the purchase of the shares at Just Cash would have resulted in an “8-digit” amount.
In addition, the CEO of the company, Cole Diamond, said that this investment would facilitate user access to cryptocurrencies:
“Cryptocurrency ATMs are essential for making digital resources accessible to the masses.”
A bridge between traditional finance and digital assets
Since its launch in 2009, Bitcoin has managed to become a media attraction and a lever of wealth for speculators.
Moreover, its basic objective, which is to make transactions easy and fast, has not been achieved until today, because of the complexity of IT processes.
For Coinsquare, the best way to popularize digital assets and make them accessible would be the use of automated teller machines.
“At present, there is no widespread adoption of cryptocurrency because most people are intimidated by the acquisition process […] By using millions of ATMs around the world, we can now bridge this gap and offer new users the simplest and most familiar experience for cryptocurrency buying, “says Cole Diamond.
What do you think of this majority acquisition of Coinsquare at Just Cash? Comment in the comments section.