Fun

Spanish Crypto Exchange Bitbase Expands to Latam

News Feed - 2022-07-15 08:07:01

Spanish Crypto Exchange Bitbase Expands to Latam


Bitbase, a Spanish cryptocurrency exchange and crypto ATM operator, has announced its expansion to Latam with the establishment of a store in Paraguay. The company, which had previously opened a store in Portugal, is now bringing its operations to several locations in Paraguay, having its sights on Venezuela as the next destination for its expansion plans. Bitbase Looks Towards Latam


While the current bear market has affected some cryptocurrency firms in a negative way, others are expanding to new latitudes, looking to capitalize on the popularity of crypto. Bitbase, a cryptocurrency exchange that offers support in physical stores, has announced the establishment of its first store outside Europe. The company recently opened a new store in Paraguay, where it will lend support to customers wanting to get into the world of crypto.


The store will also have its own cryptocurrency ATM, that will allow customers to purchase or sell bitcoin and other cryptocurrencies in exchange for Paraguayan fiat currency. According to Bitbase, this will be the first store of its kind in the country and will be followed by more stores opening in other cities in Paraguay. Bitbase also manages a significant number of crypto ATMs in several locations in Europe, running 6% of the total on the continent. Expansion Plans


However, the expansion plans for the exchange go even further. Per reports from the company, the next country on the growth roadmap will be Venezuela, where Bitbase aims to establish a location similar to the one just opened in Paraguay. The exchange opened its first location outside Spain in January, marking the beginning of its foray into international expansion.


The company reported its interest in taking its business to Venezuela back in February. At that time, it announced that representatives of Bitbase were in talks with people in the Venezuelan government to bring cryptocurrency ATMs to the country, due to the clear cryptocurrency legal framework that Venezuela offers. However, the results of these meetings have yet to be disclosed.


While Venezuela has a thriving crypto community, with the United Nations recently recognizing it as the country with the third-highest adoption, cryptocurrency ATMs have not been popular. Bitbase believes that its peculiar approach to crypto, offering physical stores with support, can help to bring customers to the crypto ecosystem that would not be enticed under other circumstances. Tags in this story adoption, bitbase, lisbon, Paraguay, Portugal, Venezuela


What do you think about Bitbase expanding to Latam via Paraguay and Venezuela? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Crypto Exchange Bitso Launches Remittance Service in Colombia EXCHANGES | 5 days ago Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide EXCHANGES | 5 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, lma_ss / Shutterstock.com Previous articleBillium, Dubai-Based Exchange, Announced a New, State-of-the-Art Platform Incorporating a Copy Trading Function Next articleBitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher

News Feed

Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims
Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims Manhattan District Attorney (DA)’s Office has frozen more than $1.3 mill
London’s ETC Group to List Centrally Cleared Bitcoin ETP on Deutsche Börse’s Xetra
London"s ETC Group to List Centrally Cleared Bitcoin ETP on Deutsche Börse’s XetraA UK-based financial services company will list a centrally cleared bitcoin exchange-traded prod
Introducing Binance Oracle VRF: The Next Generation of Verifiable Randomness
Introducing Binance Oracle VRF: The Next Generation of Verifiable Randomness sponsored Main Takeaways Binance Oracle VRF is a Verifiable Random Function (VRF) solution that enables
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’ According to the U.S. Federal Reserve, the central bank’s Fednow paymen
China accessing high-level AI chips banned by the US: Report
Savannah Fortis12 hours agoChina accessing high-level AI chips banned by the US: ReportDocuments have surfaced revealing state-linked Chinese entities using Amazon cloud services or similar services to access advanced AI
Binance CEO: Russian Ruble to Be First Fiat-Crypto Trading Option
Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO 
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic Many of the financial pyramids identified in Russia during the first quarter of t
Behind Cardano 15% Correction: Here’s How Much ADA Whales Sold
Este artículo también está disponible en español. After a quiet start to 2025, the price of Cardano had finally begun to build on its bullish momentum from the previous y
China Wants Communist Party Members to Pledge Loyalty on Blockchain
China’s Communist Party (CPC) is taking its leader’s support for blockchain to heart. Following Xi Jinping’s bombshell speech last week urging his countrymen to &#
Turner Wright9 hours agoBinance receives licenses to offer crypto services in El SalvadorThe exchange reported receiving approval for Bitcoin Services Provider and Digital Assets Services Provider licenses in El Salvador
Tristan Greene3 hours agoScientists used AI to find and track 95K ‘cryptocurrency free giveaway’ scams on TwitterThe San Diego State University team uncovered nearly a million dollars were scammed from victims via th