Crypto ATM Company Bitbase Prepares to Open Operations in Venezuela This Year
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- 20 Oct 2022
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Bitbase Prepares to Launch Operations in Venezuela
Latam countries have become an attractive destiny for cryptocurrency exchanges and companies due to the relevance that crypto assets have reached in some countries. This is because of the economic problems that the region is facing, including high levels of inflation and devaluation. Bitbase, a Spain-based cryptocurrency ATM and store company, is preparing to launch operations in Venezuela later this year.
The conditions have made the country fertile ground for the growth of cryptocurrency usage. Bitbase is betting on this growth to continue, as it expects to open several stores in the country. About this, Enrique De Los Reyes, the manager of Bitbase in Venezuela, declared:
"We are going very, very strong with landing in Venezuela this year. We continue with the hard work, which will soon bear fruit, with all the licenses we need to operate in Venezuela. And we want to give that image of the correct mass adoption (good use) of cryptocurrencies."
Bitbase’s business model includes physical stores, in which employees explain to users how to use crypto and serve as intermediaries for crypto operations. This focus aims to onboard users who value physicality and would otherwise not be interested in the cryptocurrency world. Read More…
