HALIFAX – A downtown Halifax pub has installed a Bitcoin ATM, in hopes it will attract customers who want to purchase the digital currency.
Staff at Durty Nelly’s on Argyle Street told Global News about half a dozen people have already tried the machine since it was brought in on Friday. It’s believed to be the first Bitcoin ATM in Atlantic Canada.
Bitcoin is a digital currency that isn’t controlled by any central authority or bank, which is what makes it attractive to its users. However, its price can be volatile and there have been concerns the currency can be used for criminal activity.
On Saturday afternoon, the machine was selling bitcoins at the current price of C$493.84.
Durty Nelly’s is not accepting the currency as a form of payment, however, they plan to accept it in the future.