Edmonton will soon be home to four Bitcoin ATMs.

According to local Bitcoin enthusiast, Peter Dushenski, the philosophy of the Bitcoin community fits well with Edmontonians.

“I think Edmonton has a really grassroots culture and I think that aligns really well with the grassroots culture of Bitcoin.”

Two of the biggest benefits of the online currency were the global reach and lack of transaction fees, Dushenski explained.

“Bitcoin works kind of like an e-transfer but it works anywhere in the world so you can send money or value instantly to your family overseas, which is something you can’t do with e-transfer.”

Dushenski said the local Bitcoin community has been growing quickly and will soon add four ATMs in the next few weeks.

“No city in the entire world is going to have more Bitcoin kiosks or ATMs than Edmonton.”

Dushenski said two of the ATMs would be at Remedy Cafe, one at the West Edmonton Mall and the fourth would be at a Sherwood Park business

About 150 people turned out to take in CoinFest Edmonton put on by members of the local Bitcoin community Saturday to teach others about the digital currency.

With files from Dan Grummett