Bitcoin ATM coming to BCIT campus in Burnaby

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      The British Columbia Institute of Technology will soon be home to a Bitcoin ATM.

      Today (June 11), the BCIT Student Association announced the machine will be installed in Building SE2 on the Burnaby campus sometime in the next 10 days. Vancouver-based cryptocurrency firm Newnote Financial Corp. will be putting in the ATM.

      In a news release, Tyra Bermudez, BCITSA’s vice president of external affairs, said: “It is very exciting to see the advancements BCITSA is able to provide our student population. Having a BITCOIN machine is one of the many ways we are able to provide students with up-to-date industry and business trends.”

      The ATM will charge users a three-percent transaction fee, with two percent going to Newnote and one percent to BCITSA.

      BCIT has a Bitcoin club called BCIT Bitcoins. Founder Bryan Hellard told the Georgia Straight in February that he works for Newnote.

      To the west, Vancouver already has three Bitcoin ATMs, at Waves Coffee House (100-900 Howe Street), Quadriga CX (332 Water Street), and Steamrollers (1195 Robson Street).