Crypto ATM Company Bitbase Prepares to Open Operations in Venezuela This Year – Exchange Bitcoin News

Bitbase, a cryptocurrency store and ATM company based in Spain, is preparing to open operations in Venezuela this year. The company is currently looking for employees for its stores and crypto ATMs. Bitbase will be one of the first international exchanges to open an office in the country.

Bitbase is set to launch operations in Venezuela.

Latham countries have become an attractive destination for cryptocurrency exchanges and companies due to the relevance of crypto assets in some countries. This is because of the economic problems the region is facing, including high inflation and inflation. Bitbase, a Spain-based cryptocurrency ATM and store company, is preparing to start operations in Venezuela later this year.

The conditions make the country a fertile ground for the use of cryptography. Bitbase is betting on this growth as it expects to open more stores in the country. So Enrique de los Reyes, Bitbase Manager in Venezuela:

This year we are going very, very hard by landing in Venezuela. We will continue to work hard on all the permits we need to work in Venezuela, which will soon bear fruit. And we want to give that image to the actual mass adoption (in good use) of cryptocurrencies.

Bitbase’s business model involves physical stores, in which employees explain to users how to use crypto and act as intermediaries for crypto transactions. This focus is on users who value physicality and are otherwise uninterested in the cryptocurrency world.

Configuration procedures

The company is now in the process of acquiring the required manpower to manage and maintain the people and set up crypto ATMs in these stores. Therefore, de los Reyes:

We already have a legal department and we are looking for new Venezuelan talents who want to come and work with us.

In addition, Bitbase is already operating from an office in the Trade Industry and Foreign Company Department of the Spanish Embassy in Caracas. If the launch happens this year, it will be one of the first international crypto companies to operate in Venezuela.

Bitbase announced its intention to enter the Venezuelan market in February, and de los Reyes said the company could take advantage of the trade opening the country was experiencing at the time. Similarly, the company entered Latham by opening its first store in Paraguay in July.

What do you think about Bitbase’s interest in the Venezuelan market? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. In the year He describes himself as late to the game, entering the cryptosphere when the price surge occurred in December 2017. With a background in computer engineering, living in Venezuela and being socially influenced by the cryptocurrency boom, he has a different opinion. About the success of crypto and how it can help the unbanked and underserved.

Image credits: Shutterstock, Pixabay, Wiki Commons, lma_ss,

DisclaimerThis article is for informational purposes only. It is not an offer or solicitation to buy or sell, or a recommendation or endorsement of any products, services or companies. does not provide investment, tax, legal or accounting advice. Neither the Company nor the Author shall be liable, directly or indirectly, for any damages or losses arising out of the use of or reliance on any content, goods or services referred to in this paragraph.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *