Partnerships between smaller and larger companies are a daily occurrence in the financial sector. Bitcoin, a disruptive digital currency, is no different in this regard. But, in this case, that is a very positive bit of news for Bitcoin enthusiasts residing in Canada. Bringing Bitcoin and digital currency to more people in a convenient way is always a win in our book.
Bitcoin Brains: Buy & Sell Bitcoin In Calgary
One of the companies involved in this story is Calgary-based Bitcoin Brains, a company focusing on bringing Bitcoin to everyday consumers. Not only is Bitcoin Brains an easy-to-use platform for buying and selling digital currency, but, they also educate novice users on Bitcoin, as well as offer a full line of Bitcoin and altcoin mining hardware.
The main principle to get people interested in Bitcoin and digital currency is education. Even though there are several educational initiatives concerning Bitcoin, there is still a lot of work to be done in this regard. Contrary to traditional currency, Bitcoin empowers every individual to take control of their money and financial future.
Needless to say, this is a concept a lot of people struggle with and are afraid of. With no “failsafe” in place for when something bad happens, a lot of people are wary of Bitcoin and digital currency. But, not everything is as black-and-white when it comes to Bitcoin, which is why Bitcoin Brains tries to educate people on digital currency.
Once a novice Bitcoin user has gathered the necessary information, the question becomes whether or not he/she should become a miner. Mining comes in two forms: mining Bitcoin, or mining altcoins [which are then exchanged against Bitcoin]. Bitcoin Brains offers a variety of mining hardware to suit your individual needs.
Last, but not least, Bitcoin Brains offers some of the lowest fees when it comes to buying and selling Bitcoin in Canada. In recent months, the number of Canadian Bitcoin exchanges has decreased a bit, leaving the market wide open for other companies to step up. On top of that, Bitcoin Brains offers advanced trading options for experienced traders and users.
BitNational Acquires Bitcoin Brains For US$2.1m
It was only a matter of time until other companies started showing an interest in the services offered by Bitcoin Brains. A few days ago, BitNational announced the acquisition of Bitcoin brains, as both parties signed a 10-year agreement, worth US$2.1 million. Due to this acquisition, BitNational has now become the largest over-the-counter Bitcoin brokerage and ATM network in all of Canada.
The most important aspect of this acquisition is the fact that BitNational can offer various new ways of purchasing Bitcoin to Canadian customers. In order to not just build a nationwide Bitcoin network, but, to also give Canadians easy access to digital currency, this is an important first step towards achieving that goal.
“This deal makes it easier than ever to buy Bitcoins anywhere in western Canada. The guys from BitNational offer the kind of knowledgeable, professional service that the customers have come to expect.” – Bitcoin Brains’ Dave Bradley
BitNational have made a name for themselves in the Canadian Bitcoin market over the past few years. Several Waves Coffee House‘s are home to a Bitcoin ATM operated by BitNational, all of which are situated in Alberta and British Columbia. Because of the Bitcoin brains acquisition, the area of operation for BitNational may be expanded in the months to come.
Images courtesy of BitNational and Bitcoin Brains