Gold bitcoin coin exchange policy toronto ontario canada

Does Continental Currency Exchange Support Bitcoin

April 27, 2017 , by Continental Currency
Continental Currency

Continental Currency Bitcoin Policy

Does Continental Currency provide Canadian bitcoin exchange?

Bitcoin transactions are not currently available at Continental. However in response to client demand Continental is investigating the possibility of offering cyber currency services in the future. 

Continental is committed to providing clients with the highest level of service, best value, and latest innovations in the currency exchange industry.

Bitcoin exchange rate

Cyber currency has shown promise as a foreign exchange, international transfer, investment, and payment solution. Unfortunately, Bitcoin’s exchange rate does not currently provide enough stability to ensure the reliable foreign exchange services that Continental Currency Exchange clients expect.

In theory clients may purchase Bitcoin in CAD, send it internationally for a small fee, and then convert it into a different currency. In practice, the volatility surrounding the price results in far greater uncertainty than traditional currency exchange or international transfer options.

Our concerns and future outlook

Bitcoin and other cyber currency are exciting technologies with many legitimate uses. Unfortunately, they are often used for illicit purposes, and we believe that there is not yet sufficient demand to justify offering any cyber currency services. As Bitcoin evolves we expect to see an increase in mainstream applications. This will necessitate a trusted Canadian provider of cyber currency exchange services.

An exciting prospect

Potential future applications include:

  • Using block-chain technology to offer clients greater privacy
  • More efficient and inexpensive online foreign exchange
  • Online international transfers
  • Bitcoin as an investment product
  • International cash withdrawals and POS transactions.

Continental Currency Exchange Bitcoin Position

Continental Currency Exchange has no immediate plans to incorporate the use of any cyber currency into our existing currency exchange services. However, our commitment to provide our clients with the best rates and service means that we will continue to investigate all foreign exchange technology. This commitment has already led to a number of innovative new services, including FXtoGO, EFTs, Private Client Services, FX Rate Watch and future products and services still in the developmental stage.

Alternatives

Continental Currency Exchange is an industry leader and early adopter of safe, effective, and inexpensive foreign exchange technology.

FXtoGO provides convenient online currency exchange. Low cost international wires and money transfers allow you to send currency anywhere in the world. FX Rate Watch makes it simple to track currency trends, and set automated alerts when rates change in your favour.

Best of all we closely monitor the exchange rates offered by all competitors in our local markets. So you’ll always get the guaranteed best exchange rates at all of our 18 branches across Ontario.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Related Posts

  • School Cash Online

    In News - August 14, 2018

    At Continental Currency Exchange, we know how expensive it can get to be a student, but we also know how great it can be. To make it easier on them, we’ve instituted a number of deals and programs for student savings.

  • Where Do You Exchange Currency?

    In News - May 29, 2019

    Where do you exchange currency? With 19 branches across Ontario, Continental Currency Exchange is your go-to place to exchange currency. No matter where you are in Ontario, there’s a branch close to you.

  • Money Exchange

    In News - June 14, 2018

    Whether you’re looking to buy or simply to sell the currency you no longer need, Continental guarantees you the best money exchange rates on your foreign currency! With online options and 19 branches throughout Ontario, money exchange has never been easier or cheaper!

  • The Continental Constellation

    Providing you with more than just great exchange rates, the Continental Constellation is your gateway to exciting products and services that help make living, travelling, and saving money easier!

    Follow Us

    Newsletter

    Register now to receive the latest travel tips, savings and exclusive promotions direct to your inbox.

    Continental Currency Exchange

    All rights reserved ©2019