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Bitbase, a Spanish cryptocurrency ATM company, plans to continue expanding its services in 2023. Invested by Web3-based decentralized companies Dextools and Woonkly, the company aims to reach 200 cryptocurrency ATMs installed in Spain. Bitbase is also working on obtaining licenses to start operating in countries such as Italy, UK, Germany, and the Netherlands, as well as Latin American countries such as Venezuela.
Bitbase, a cryptocurrency ATM based in Spain Company With offices around the world, we aim to further expand into new areas next year. The company, which already has 100 of his cryptocurrency ATMs in Spain, has received investments from two decentralized Web3 companies, which could help it sustain its growth into new markets.
Dextools, a company that provides a suite of tools for processing tokens on decentralized exchanges, acquired 22% of the company, while Woonkly, another decentralized exchange and NFT marketplace, is now part of Bitbase. Owns 5% of the shares. With this investment, Bitbase also hopes to enter the Metaverse and Web3 aspects, backed by the knowledge and structure of these two companies.
The company, which currently has 30 brick-and-mortar stores, has adopted a business model that teaches users how to trade cryptocurrencies, helping people enter the cryptocurrency environment.
In a press release, Bitbase now reveals that it is looking to expand its operations in several European countries, setting up cryptocurrency ATMs and offices. Bitbase has now declared that it is seeking licenses to expand into regions such as Italy, the United Kingdom, Germany and the Netherlands. Still, the company wants to install more ATMs in Spain and plans to install 100 more by the end of this year, reaching 200 ATMs.
Bitbase CCO and Partner Cristian Bono said:
We will also open one or more stores in each of these European countries, replicating the business model we did here in Spain and establishing ourselves as the largest exchange with physical stores.
The company also has an interest in Latin.bit base Open On July 15th, we opened an office in Paraguay, beginning our expansion into the region. In July, the organization said it was in talks Open We set up an office in Venezuela and scout human resources to operate stores to open in the country.
There has been no official update on the progress Bitbase has made with these operations, but the press release says the Venezuelan store should be open “soon.”
What do you think of Bitbase and its growth goals? Let us know in the comments section below.
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