MONCTON, N.B. — A downtown Freshii is hosting Moncton’s first bitcoin ATM, so users can convert paper currency to bitcoin to pay for their meal, CBC News reports.
The ATM was installed by Raphael Paulin-Daigle, a 17-year-old entrepreneur and CEO of DucatFlow, which helps businesses incorporate bitcoin machines into their establishments. “I’d love to see other businesses in Moncton say, ‘Hey we want to accept, too — could be cool,” he told the newspaper.
Created in 2009, Bitcoin is a form of digital currency that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment. [cbc.ca]