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Bitaccess announces the expansion of their purchasing methods to include EFT for all customers in Canada. EFT allows users to purchase both Bitcoin and Ethereum from the comfort of their own home, and is similar in function to a traditional bank transfer. In addition to the convenience of online payment processing, EFT also comes with lower fees than customers would encounter at a BTM, or when trading person-to-person.
Electronic Funds Transfer (EFT) are known for their security, high speed-for-quantity, and cost efficiency. They are generally used to authorize the payment of bills, rather than the transfer of personal funds between accounts. EFT payments are sent between financial institutions in single, daily batched transactions by way of an automated clearing system, recognized for its utility around the world. The action of sending and receiving transfers via batched transactions allows fee’s to be significantly diminished from the high rates paid by individuals using EFTs close counterpart, the Wire Transfer.
Customers wishing to engage this new style of payment must sign into or sign up for a bitaccess user account, and then create a ‘Buy Order’ that specifies EFT transfer as their chosen payment method. EFT hasn’t been available since 2016 when Coinbase abandoned the Canadian Market, Bitaccess has been focusing on serving Canada since 2014 with a locally based team and manufacturing.
Visit bitaccess.co to pay for your next digital currency investment using EFT.
Who is Bitaccess?
Bitaccess’ mission is to provide people and businesses around the world with access to digital currency and blockchain technology. Bitaccess has installed Bitcoin ATMs (BTMs) in half a dozen countries, and continues to develop digital currency technology that is secure, accessible, and easy-to-use. In addition to EFT, bitaccess allows Bitcoin and Ethereum to be purchased via their ATM partners, in-stores using prepaid vouchers, and with participating debit cards on the Interac network.
EFT is open only to Canadian residents at this time.
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