Canadian University Begins Bitcoin Acceptance and Launches Bitcoin ATMs

On May 26, Simon Fraser University bookstores will begin accepting Bitcoin and launching BitSent Bitcoin ATMs in three locations.

The university’s executive director of fringe benefits told Georgia Straight:

“We’re trying to get students to talk about innovation and try bitcoin. […] The only way to have an opinion about digital currencies is to find out more, and we provide first-hand experience. “

The ligaments will be severed on May 26 on the Burnaby campus, May 27 in Vancouver, and May 28 on the Surrey campus. To encourage the use of Bitcoin in bookstores, the first 100 customers who spend 20 CAN or more in Bitcoin will receive a 5 CAN bookstore gift card.

Michael Yeung, the founder of the SFU Bitcoin Club who helped university bookstores accept bitcoin, told Georgia Straight, “The coming era of virtual currency is inevitable and exciting, no different from the early days of the internet.” It is not the first bitcoin-related help Yeung offered to the university.

In August last year, Michael Yeung helped the university become the first Canadian university to accept bitcoin donations. Speaking of the ways Bitcoin can benefit society, Yeung said, “… these benefits can only be realized if Bitcoin is driven by the efforts of the community and the passion of those with vision and determination – the very qualities that SFU creates and supports. “

The university currently supports BitPay Bitcoin donations through its Ways to Give page and even supports charitable tax credits for Bitcoin donations. The university’s first bitcoin donation of CAN 6,000 was used by students Laurie Macpherson and Lauren Shandley for a collaborative project in India to help women victims of human trafficking.

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