Bitbuy Partners with Localcoin, Canada's Largest Crypto ATM Provider
Bitbuy partners with Localcoin, Canada's largest Bitcoin ATM provider, to enhance user experience and offer deep liquidity.
Bitbuy, one of Canada's cryptocurrency platforms, has recently announced a significant partnership with Localcoin, Canada's largest Bitcoin ATM provider.
The partnership, announced on Sept. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada with Bitbuy’s exchange platform and the “deep liquidity” that comes with it, according to a press release from WonderFi.
PRESS RELEASE: Bitbuy Partners with Localcoin, Canada's Largest Bitcoin ATM Provider
Bitbuy's digital asset offering now powers nearly 50% of Canada's Bitcoin ATMs
MORE DETAILS: https://t.co/rqBDoHev1O — WonderFi (@WonderFi) September 18, 2023
Localcoin's prominence in the Canadian market is undeniable. As the largest Bitcoin ATM provider in the country, Localcoin has been instrumental in bridging the gap between traditional finance and the digital currency world. Their ATMs, strategically located in high-footfall areas, offer users an easy and quick way to convert their cash into cryptocurrencies.
The Partnership
One of the primary benefits of this partnership is the enhanced user experience. Bitbuy users can now directly withdraw Canadian dollars from their Bitbuy accounts at any Localcoin ATM. This integration provides users with immediate access to their funds, eliminating the waiting period associated with traditional bank withdrawals.
WonderFi Chief Executive Officer and President, Dean Skurka stated that:
"We are thrilled to announce this strategic partnership between Bitbuy and Localcoin, two of Canada's most established consumer brands for digital assets. With access to deep liquidity through the Bitbuy marketplace, and Localcoin's extensive network of user-friendly ATMs, we firmly believe that this partnership exemplifies a commitment to offering seamless and user-friendly solutions for buying and selling digital assets."
Both companies recognize the importance of educating the public about cryptocurrencies. Through joint initiatives, Bitbuy and Localcoin aim to host educational seminars, webinars, and workshops. These sessions will cover various topics, from the basics of cryptocurrency to advanced trading strategies. Jeff Fitzgerald, Vice President of Sales at Bitbuy stated that:
"Localcoin represents one of several corporate partners that the Bitbuy Private Wealth and Corporate Solutions desk has successfully partnered with in 2023. In August alone, the number of new corporate clients onboarded increased by nearly 30% compared to the previous month, setting the pace for a record-breaking year in terms of new client growth."
