Canadians can now buy and transfer bitcoin via credit cards.
The credit card-accepting Bitcoin retailer Coinbase has confirmed the card is available for purchase, and confirmed that customers can pay with the cryptocurrency.
The card, called Canada’s First Credit Card, will be sold at select stores and online.
It’s available for pre-orders starting today at Coinbase.ca and other sites.
The new card comes as Bitcoin is growing in popularity, with the price of a Bitcoin rising from $1,000 to over $2,000.
The value of a bitcoin fluctuates greatly between $500 and $3,000 per coin, with some analysts predicting it will hit $10,000 in the next couple of months.
That means a Canadian can now transfer up to $100 worth of bitcoin per month without needing to wait for Coinbase to process the transaction.
The cryptocurrency has seen a surge in value recently, with more than $1.2 billion in bitcoin trading on exchanges on Monday alone.
The Canadian government has been promoting the currency as a way to circumvent the banking system and is working to make it easier for people to do so.
The banknotes are now issued in denominations of $1 and $20, as well as a $1 coin, which has been a popular currency among Bitcoin enthusiasts.
Canada’s Credit Union has also been encouraging Canadians to use the cryptocurrency for payments, and has a number of other credit card companies that accept it as a form of payment.
Coinbase’s announcement comes just days after Canadian bitcoin exchange Bittrex announced that it will accept Bitcoin in 2018.