Canadian retailers will soon be selling Bitcoin and similar digital currencies in a move that could have huge implications for the global economy.
The Crypto Store in Toronto announced Wednesday it will start accepting Bitcoin and Ethereum, currencies created by the internet-based cryptocurrency Bitcoin, in the United States.
That’s just the beginning for the crypto-store, which says it will soon expand to other countries.
Crypto store owner Michael Stoll, whose company started in 2015, said his company has already sold over 100,000 units of Bitcoin.
“Cryptocurrency is going to be the future of commerce,” Stoll said.
“Bitcoin and Ethereum are going to bring new opportunities and new markets to the Canadian market.”
Stoll said that’s why the Crypto Store is now moving to Canada.
“Canada is going the way of most countries in terms of their regulation,” he said.
Canadian bitcoin exchange Bitstamp is also accepting Bitcoin in the U.S. and expects to start accepting Ethereum soon, he added.
Stoll also said that Crypto Store will be the first Canadian Bitcoin company to launch a product, and he said he hopes to have more Canadian retailers and businesses selling Bitcoin as well.
“I hope we can continue to grow and grow,” Stolt said.
Cryptocurrencies are now the fastest-growing asset class in the world, and many believe that they can help boost economies in the developing world.
Bitcoin has seen a surge in popularity in recent years.
Many people are turning to the digital currency to buy goods and services that they don’t have access to with traditional currency.
Cryptos like Bitcoin and Ether, as well as other cryptocurrencies, have a value that is pegged to the U, or the U of Canada, currency.
The U of C has been under pressure over its currency status.
It has a hard currency peg with the US.
The U. of Canada pegged the value of its currency to the dollar in 2008, but that peg was eventually reduced.
Bitcoin is not pegged to a country’s currency and has risen in value.
Cryptocoins have become a popular way for people to store money and receive payments.
They can also be traded online and can be used to buy and sell goods and products.