- Bitcoin Well has launched “Instant Buy” in the United States, where customers can buy bitcoin and receive it in less than 60 seconds
- Instant Buy has been available in Canada since 2022 and is now accessible by U.S. customers. Previously, this process took up to four hours
- 650 new users signed up since March 1, and the platform is on pace for more than 1,750 new users to sign up in March
- Shares of Bitcoin Well last traded at $0.18
Bitcoin Well (TSXV:BTCW) has launched “Instant Buy” in the United States, where customers can buy bitcoin and receive it in less than 60 seconds.
Instant Buy has been available in Canada since 2022 and is now accessible by U.S. customers. Previously, this process took up to four hours.
The Edmonton-based company also provided preliminary and unaudited early March signup data:
- 650 new users signed up since March 1
- On pace for more than 1,750 new users to sign up in March
- If achieved, this will represent 40 per cent growth from February
- If achieved, this will represent 74 per cent growth from Q4 2023
“Instant Buy is the first step towards a world where there is no bitcoin held on exchanges,” Bitcoin Well’s founder and CEO, Adam O’Brien stated in an update. “As our product continues to improve there will be no reason for anyone in Canada or USA to be using a platform that holds customer’s bitcoin. They will be irrelevant. More bitcoin in self custody is key to our mission to enable independence.”
Bitcoin hit a new high on Monday when it surpassed the US$72,700 level in value, initially driven by the approval of spot bitcoin ETFs in the United States.
Bitcoin Well is engaged in the non-custodial fintech business, which aims to future-proof money by making bitcoin useful to people. The company’s segments include Bitcoin ATM business and its non-custodial bitcoin platform, the online Bitcoin portal).
Shares of Bitcoin Well last traded at $0.18 and its stock price has risen 533.33 per cent since this time last year.
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