First Bitcoin Gateway Service Launched in Canada by Bow Valley Credit Union

AI Summary

According to PANews, Bow Valley Credit Union (BVCU) in Canada has introduced the country's first 'Bitcoin Gateway' service, allowing Alberta residents to purchase Bitcoin directly through their bank accounts. The service is powered by the custody platform Balance and the exchange Bull Bitcoin, enabling users to buy physical Bitcoin with fiat currency through the BVCU app, giving them full ownership. Established in 1953, BVCU continues its tradition of challenging conventional banking with this innovation. Currently, the service is only available to residents of Alberta, but the CEO of Balance has indicated plans to expand access to users across Canada in the future.

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