![]() ![]() The Bank is targeting public availability of VCAD in the coming months.Ĭonsistent with VersaBank’s highly efficient, business-to-business model, VCAD will be issued by VersaBank to financial intermediary partners in exchange for Canadian dollar deposits with the Bank utilizing “smart contracts”, a more highly encrypted iteration of the Bank’s existing digital deposit contracts. VCAD is based on VersaBank’s proprietary banking software and the digital currency issuance processes for VCAD will be securely managed via VersaVault®, VersaBank subsidiary, DRT Cyber Inc.’s (“DRT Cyber”), world leading digital bank vault designed to secure digital assets. VersaBank has entered into a strategic partnership with Stablecorp, a joint venture between Canada’s leading crypto asset manager, 3iQ, and Mavennet, a Canadian leader in blockchain development, to commercially launch VCAD. As such, VCAD will offer the highest level of stability and security amongst all digital currencies in the market today. VCAD is expected to be the first digital currency to represent a fiat currency, as well as the first in the world digital currency issued by and backed by deposits with a North American bank. Try Netcoins, or call us to get to know more about investing in cryptocurrency.LONDON, ONTARIO/CNW – VersaBank (TSX:VB) (“VersaBank” or the “Bank”), a North American leader in business-to-business digital banking and technology solutions for cybersecurity, today announced it plans to launch a strong encryption based digital currency (cryptocurrency) represented one-to-one by a Canadian dollar bank deposit with the Bank, to be known as VCAD. If you are wondering how to buy cryptocurrency in Canada, you can see above how we have mentioned different available ways to do so. With different types of cryptocurrencies available in the market, you can research and buy whatever is best suitable for you. As the growth of digital currency and its investment value increases, you can definitely choose what suits your best requirements. Whatever your preference is, make sure you do your research and know what you are investing in. also offers a marketplace where you can set your own buy and sell rates for bitcoin, and then meet in person to finalize the purchase. That’s why some bitcoin businesses offer brick-and-mortar stores where you meet with a person from their team and they will walk you through the buying process from start to finish.įor people that value privacy, they can meet up with friends they trust to buy bitcoin from them. Of course, you will have had to deposit cash into the bitcoin ATM machine as a first step. ![]() This code will prompt the ATM machine to send bitcoin straight into your wallet. Instead, it uses a QR code from your cryptocurrency wallet app. ![]() While that’s great, it’s still important for you to know the other options available to you when it comes to buying cryptocurrencies.Ī bitcoin ATM machine is like a regular ATM machine, but it doesn’t ask for a pin number. That’s it! It’s that easy, quick and painless. You can log into your Netcoins account, land in your dashboard, click on the “Buy/Sell” Page to convert your QCAD to bitcoin. QCAD represents a significant opportunity to set a new standard of transparency and auditability in digital currencies and will help drive trust and mass adoption of stablecoins.Ī Canadian exchange, like us at Netcoins, will allow you to deposit Canadian Dollars straight into your Netcoins account via Interac e-Transfers, online bill payments, or wire transfers. It is an important piece of financial market infrastructure for Canada that will serve the digitization of capital markets and provide a robust payment and settlement solution. QCAD is the first Canadian dollar stablecoin designed for mass market. This is one of the cryptocurrency that is built on the Ethereum blockchain by utilizing the ERC-20 standard and enjoys the full benefits of enabling seamless settlement and full traceability. QCAD, the First Canadian Dollar-Backed Stablecoin. Here’s a brief on how to buy QCAD in Canada. Buy and trade on any exchange platform and facilitate orders of your cryptocurrency. Netcoins is pleased to announce that QCAD, the first Canadian dollar-backed stablecoin, is now live and available to buy on the platform. ![]()
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