Toronto Receives its First Ethereum ATMs, Targeting Mainstream Adoption
LocalCoinATM, the Ontario-based bitcoin and Ethereum ATM manufacturer, has installed its first batch of Ethereum ATMs in Canada. These were installed over the past week in three different locations: Toronto, Brampton and Etobicoke. All of the ATMs were launched in branches of Hasty Market, a popular convenience store chain in Canada.
LocalCoinATM released an official statement:
“We’re excited to announce that we’ve added support for Ethereum on all our Bitcoin ATMs in Toronto and the GTA. We are the first Ethereum ATM providers in Toronto. Ethereum has revolutionized the crypto industry with its smart contract features.”
Through the two-way ATMs of LocalCoinATM, Ethereum users and investors can easily purchase and sell Ethereum for fiat. Similar to how Bitcoin ATMs work, Ethereum ATMs display an Ether deposit address for sellers and require buyers to enter the addresses of their Ethereum wallet to purchase the cryptocurrency with Canadian dollars.