Bitcoin invades 5 Canadian cities

This fall five ATM-like kiosks carrying Bitcoin will arrive in Canada, exchanging the virtual currency for Canadian dollars.

Bitcoiniacs, a Vancouver store currently selling Bitcoin, has ordered one kiosk that it plans to keep locally, and another four to be distributed throughout the country. The finals destinations of the other four kiosks are expected to be Calgary, Toronto, Montreal and Ottawa.

"Basically, it just make it easier for people to buy and sell Bitcoins and hopefully will drive the adoption of Bitcoin, and make it more accessible for people," said the owner of Bitcoiniacs Mitchell Demeter.

The kiosks will be sent north by Las Vegas company RoboCoin. The CEO of RoboCoin's goal is to "make Bitcoin truly grandma-friendly."

(AP / Rick Bowmer)

Bitcoin's credibility has received recent boosts from both US and German lawmakers, both of whom recognize it as real currency.

Since rocketing to $260 a coin earlier this year, Bitcoin has come back to earth, trading at around $125.