BitNational Acquires Calgary-Based Bitcoin Brains for $2.1 million

By May 2, 2015Bitcoin Business
Click here to view original web page at
BitNational Acquires Calgary-Based Bitcoin Brains for $2.1 million
In an announcement, BitNational says that it has acquired Calgary-based Bitcoin Brains. In consequence of the acquisition BitNational will become the largest over-the-counter Bitcoin brokerage and ATM network in Canada. The company informs that the acquisition took place after it paid a 10-year, $2.1 million dollar agreement.

Nonetheless, the acquisition of Bitcoin Brains will allow BitNational to bring a variety of new ways to purchase Bitcoin anywhere in Canada. Talking about the deal BitNational co-founder Matt Haddon said that this is an important step towards the goal of building a nationwide network to give all Canadians easy, instant access to Bitcoin.

Currently, BitNational operates Bitcoin ATMs in three cities in western Canada and caters thousands of customers. On the other hand, Bitcoin Brains began as a Bitcoin brokerage in 2013. The agreement reveals that BitNational now aims to provide the safest and easiest access to Bitcoins for Albertans.

Dave Bradley of Bitcoin Brains also clears that this deal makes it easier than ever to buy Bitcoins anywhere in western Canada. According to him at Bitcoin Brains the guys from BitNational offer the kind of knowledgeable, professional service that the customers have come to expect. Thus, he is showing clear support for BitNational and why he agreed for the deal.

Nonetheless, the acquisition was secured by deposit paid to a two of three multi-signature Bitcoin address. Whereas each party controls one private key, a neutral third party controls the third key. Additional announcement is that the official launch party of the new BitNational network will be declared within the next week.

BitNational Has Comprehensive Understanding of Digital Currency

Catering the requirements from customers, BitNational lists its areas of operation, the location of its Bitcoin ATMs and merchants in Vancouver and British Columbia that accept Bitcoin on its website. The service is complimented by Bitcoin Brains that provides brokerage services, offers Bitcoin and altcoin miners from a variety of manufacturers.

BitNational claims that comprehensive understanding in digital currency the visitors can trust is provided by it. Also, the organization likes to explain how all this stuff works with the help of team that has a well-deserved reputation of excellence in providing smart, sensible, and efficient information for the clients of BitNational Inc.

Nonetheless, as BitNational serves a wide range of clientele, and every client relationship is valued greatly and treated with dignity and respect, it has carved a niche for its services.

To contact the reporter of this story: Deepak Tiwari at

Leave a Reply

All Today's Crypto News In One Place