Alberta-based Bitcoin Well has become the first-of-its-kind in the world to be publicly traded..The company deals with the cryptocurrency through an ATM system is now trading on the TSX.V as BTCW..The company was founded by Adam O’Brien and has now built a network that allows bitcoin to be easily and safely accessible through 160 Bitcoin ATMs located across Canada, along with online and in-person services at their offices in Calgary and Edmonton..“We are thrilled to begin this next phase of evolution for Bitcoin Well as we embark on life as a public company,” said, O’Brien, the company’s CEO.“We believe our listing will help to raise the profile for market participants, who can also learn more about bitcoin and its role in aiding individuals to achieve financial sovereignty..“Through our non-custodial model, we offer bitcoiners secure and safe platforms to buy and sell bitcoin, and will continue to pursue expansion of our Bitcoin ATM network, while also seeking to enhance our service offerings as a means of supporting our growth trajectory.”.O’Brien began buying and selling bitcoin locally in Edmonton in 2013..The next year he deployed the first Bitcoin ATMs in Alberta and Saskatchewan..Bitcoin Well now has 160 ATMs across Canada plus 26 ATMs in the UK..The company recently acquired Crypto Kiosk, which contributed 11 ATMs in Northern Ontario, now included in the Bitcoin Well network total..Bitcoin Well opened a second office in Alberta in June 2021; the Calgary office provides white-glove over the counter (OTC) service by appointment for individuals seeking to transact in larger bitcoin denominations and a comfortable setting for those interested in learning about the benefits of bitcoin as a means of securing financial sovereignty..Bitcoin Well employs more than 30 people..“I am dedicated to nurturing and retaining technical talent in my hometown, which is why I made the strategic decision to start building our 35,000 sq-ft headquarters in Edmonton,” said O’Brien..“We are hopeful to continue creating new jobs every year within Alberta’s Fintech sector.”.As of publishing, bitcoin was trading at $48,690 (USD)..DISCLOSURE: Bitcoin Well is an advertiser with the Western Standard
