This is probably the coolest thing we’ve read all day. The Canadian Bitcoin exchange, CAVirtex , has unveiled their beta program to offer debit cards to Canadians to allow them to withdraw their cash converted from Bitcoin directly from any Canadian ATM, without needing a bank account! Meaning, after you sell your Bitcoin, you simply transfer your balance over to your CAVirtex debit card and walk over to any ATM to withdraw your cash. How crazy is that?

Here is the official announcement from CAVirtex:

In the interest of releasing this to the public quickly, we are proud to announce our Beta launch of Debit Cards that will work with ATM or POS (Point of Sale) terminals in Canada and even some internationally! For faster withdrawals you can now sell Bitcoins for CAD and then take out the cash at ATM’s! There is a one-time fee of $10 to have the card mailed to you, once you have the card there is a low administration fee of $1.50 to add funds to the card. You must have VirtEx CAD to withdraw to this card and you must be cash or online verified but no bank account is required. Loads are performed once per business day at 5 p.m. MST. The first step is to make sure your contact information has your correct address, this is where your card will be mailed by regular mail, next go to Withdraw CAD and choose an amount to withdraw. A debit card (with PIN) will then be mailed to you but the amount will not be loaded until you have confirmed receipt of the card by submitting a ticket under the new category: “Prepaid Debit.” You will then receive a confirmation email when your first amount is loaded. More details will follow with the release of a full fee schedule for card use shortly. When Beta ends in approximately 1-2 months we will enable live 24/7 loading of these cards the moment you press withdraw CAD! We will also allow for Canada Post Xpresspost rush card delivery shortly!

Now, if they could only find a way to let people deposit their CAD directly to these cards, they will be golden! Major props go out the CAVirtex team for this very innovative idea. We applaud their efforts in making Bitcoin as easily accessible as possible. We are going to sign up for one right away and report back!

Visit CAVirtex here for more info.