Alix Resources entered into a creative service plan with Ridge Resources for upcoming exploratory work at its Windy Property in British Columbia, while becoming the first Canadian junior to enter a bitcoin exchange.
A bitcoin is a distributed, peer-to-peer digital currency without central authority intermediation. bitcoin payment fees are lower than credit cards or money transfers; despite their volatile exchange rate, bitcoins have fast appreciated relative to other currencies overall.
Alix CEO Michael England hailed what he called an “exciting” alternative market entry. “This transaction is the first of its kind within the Canadian junior mining sector,” positioning Alix “early in the global bitcoin marketplace.”
Under the deal, Alix will pay Ridge for bitcoin services on an ongoing basis, said company officials, while exploring the avenue for further funding toward agreements with other service providers; the site lies 15 km north of Cassiar, British Columbia.
In addition, Alix has entered into an agreement with a private software vendor to license a bitcoin exchange, to be administered by Alix, according to company representatives. Management anticipates the exchange beginning in Q1 2014.
Notable recent events involving bitcoins include an all-time high market cap and record-breaking 52-week highs in Q4 2013. The world’s first bitcoin ATM, meanwhile, was recently unveiled in Vancouver. www.Bitcoin.org.