Canadian cryptocurrency platform Coinsquare has picked a controlling stake in US-based fintech firm Just Cash.
Financial terms of the deal were not revealed.
Co-founded by Todd Lawrence and Victor Cook, Just Cash enables consumers to buy cryptocurrency through regular ATMs using their debit cards.
The ATM also prints out a receipt with the user’s public and private keys.
This can be done without ATM hardware upgrades.
Lawrence stated: “Coinsquare is the largest cryptocurrency company in Canada, so it made sense to leverage each other’s expertise and work together to bring our solution to millions of users around the world.
“We believe our software will be a natural extension of Coinsquare’s tremendous ecosystem.”
Just Cash will now adopt the Coinsquare brand.
Coinsquare CEO Cole Diamond said: “By using the millions of existing ATMs around the world, we can now bridge the gap and give new users the easiest and most familiar experience to purchase cryptocurrency.
“Bitcoin is new and unfamiliar to many, but ATMs are not. By tapping into the existing global ATM network, cryptocurrency can finally reach the masses.
“We are bringing that familiar and trusted process into the cryptocurrency world, and vice versa, for the first time.”
Earlier this year, Coinsquare snapped up payment network StellarX.