BitBase opens its first Latin American physical store in Paraguay
By Jennys Leonett Figuera
RIO DE JANEIRO, BRAZIL – BitBase opens its first physical store in Latin America, actually in Paraguay. And, it is about to reach 100 ATMs. BitBase is a renowned Spanish cryptocurrency buying and selling company that wants to conquer the Latin American market.
It all started with a small shop in Barcelona. Five years later, BitBase is the most important cryptocurrency company in Spain. Thanks to BitBase, Spain is the country in Europe with the most crypto ATMs. With a wide difference over the second (Switzerland).
Read also: Check out our coverage on Paraguay
While opening Paraguay they are also talking to Venezuela. And thus speeding up processes to also open a store there.
“BitBase is in talks with government authorities, private companies and banks, to carry out the operation of installing its equipment and stores in Venezuela”.
Alex Fernandez, the CEO and founder of BitBase described that one of the main objectives of BitBase in 2022 was to go beyond the Spanish borders and start opening stores abroad.
WHEN FOR VENEZUELA?
It is estimated that some 10 crypto ATMs could be operational in Venezuela between November and December of this year. Therefore, it promises to even more revolutionize the crypto world in the South American nation.
In this regard, Enrique De Los Reyes, representative of BitBase, stressed: “In Venezuela, the glass is always half full. I have always had my eye on Venezuela. But this year, that we have seen the economic boom, it has been seen that our future is here”.
I close with this idea from Norella Magdaniel: “Blockchain technology is not going to change my essence. But rather to enhance who I am”.
With information from CriptoTendencia
Key Facts
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Brazil — Live Market Board
-0.75%
167,921.80
-0.75%
69,779.20
-0.01%
10,401.54
+1.44%
2,848,945
—
2,490.92
+0.04%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 167,921.80 | -0.75% | +19.56% | 169,186.42 | 178,526 | 175,157 | — |
| USD/BRL | 5.34 | -1.32% | -0.84% | 5.42 | 5.42 | 5.30 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 53.31 | -1.06% | +77.70% | 53.88 | 53.70 | 52.83 | 43,239,500 |
| VALE3 | 62.88 | -2.33% | +1.98% | 64.38 | 64.43 | 62.80 | 24,652,300 |
| ITUB4 | 41.42 | -0.67% | +11.30% | 41.70 | 42.60 | 41.15 | 28,160,700 |
| BBDC4 | 15.69 | -1.63% | -13.88% | 15.95 | 16.30 | 15.67 | 65,766,400 |
| BBAS3 | 17.59 | +0.69% | -15.59% | 17.47 | 18.31 | 17.51 | 67,844,600 |
| B3SA3 | 15.27 | +1.33% | +21.71% | 15.07 | 15.78 | 15.20 | 75,282,000 |
| ABEV3 | 15.40 | +0.20% | +26.75% | 15.37 | 15.68 | 15.31 | 27,307,400 |
| WEGE3 | 45.78 | +2.81% | +10.06% | 44.53 | 47.08 | 45.06 | 9,823,200 |
| PRIO3 | 69.21 | -2.71% | +87.14% | 71.14 | 70.98 | 69.15 | 6,663,200 |
| SUZB3 | 47.14 | -0.55% | -3.79% | 47.40 | 47.84 | 46.10 | 7,151,800 |
| RENT3 | 31.14 | -1.67% | -20.73% | 31.67 | 32.68 | 31.02 | 19,092,400 |
| AZZA3 | 16.72 | +1.15% | -42.24% | 16.53 | 17.42 | 16.72 | 4,875,400 |
| CSNA3 | 4.76 | -4.99% | -47.09% | 5.01 | 5.14 | 4.76 | 14,327,900 |
| GGBR4 | 24.87 | -2.28% | +36.28% | 25.45 | 26.20 | 24.79 | 7,507,900 |
| ENEV3 | 26.79 | +0.45% | +49.78% | 26.67 | 27.35 | 26.30 | 12,263,000 |
— For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America
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