Tech
Alberta Blockchain Consortium Launches ‘Stand with Crypto’ Campaign in Canada
The world’s largest cryptocurrency custodian has launched a major campaign in Canada.
Last year, Coinbase launched “Support Crypto” in the United States, with the goal of disrupting the traditional American financial system by encouraging the adoption and legitimacy of cryptocurrencies as legal currencies and investments.
The campaign notes that more than 50 million Americans own cryptocurrency and nearly 90 percent “believe the financial system needs updating.”
The nonprofit Stand With Crypto Alliance, which advocates for “common-sense regulation” for the cryptocurrency industry, expanded north of the border this month.
After a year in the United States, the campaign has amassed more than a million supporters, who have donated a total of nearly $180 million to the cause, according to Coinbase data.
Now, the fintech giant is looking to rally Canada’s five million cryptocurrency holders to do battle.
Kicking off the Coinbase movement here in Canada is the Canadian Blockchain Consortium, known for events such as The Canadian Blockchain Summit AND the Symposium on Technology.
The Alberta-based consortium will host discussions this week at the Sky Lounge at Saltlik Restaurant in Calgary.
The series of events will feature Alberta Premier Danielle Smith along with executives from major cryptocurrency firms, who will come together to discuss the potential of Canadian cryptocurrencies.
Coinbase’s Stand with Crypto expansion north follows a conscious effort to ‘go deeper’ in international markets such as Canada.
Ranked as the third most crypto-aware nation in the world, Canada has an “enthusiastic technology ecosystem that has the potential to be a leader in the global cryptocurrency economy,” according to Coinbase, which employs 200 full-time workers in Canada as of hiring here starting in 2021The nation represents the company’s largest technology and talent hub outside the United States.
Coinbase is also an investor in several Canadian cryptocurrency startups, including Fintech.ca. MinervaAI from TorontoAND Dapper Labs Vancouveras well as Axelar, Horizon Blockchain Games, and Zapper.