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Bitbase plans to expand into European countries set up crypto ATMs and offices

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Indrani bose Follow

INDIA

Oct, 13 2022

Oct, 13 2022

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Bitbase plans to expand into European countries and is planning to set up crypto ATMs and offices. The company wants to install 200 bitcoin ATMs in Spain. 


The Spanish cryptocurrency ATM company Bitbase having branches all over the world, plans to keep expanding its services in 2023. The company wants to install 200 bitcoin ATMs in Spain after receiving financing from Dextools and Woonkly, two Web3-based decentralized businesses. Additionally, Bitbase is attempting to secure licenses so that it can start conducting business in nations like Italy, England, Germany, the Netherlands, and Latam nations like Venezuela. 


For the upcoming year, Bitbase plans to extend its global expansion. Currently, Bitbase has 100 cryptocurrency ATM operating in Spain and has 30 physical store locations. Two decentralized Web3 firms made investments in the business to aid in its expansion into other regions. Dextools, a business that develops tools for managing tokens in decentralized exchanges, bought 22% of Bitbase. Woonkly which is another decentralized exchange, and NFT marketplace, now owns 5% of the company. With this investment, Bitbase hopes also to get into the metaverse and Web3 space, backed by their expertise and infrastructure. 


The business uses a business strategy that explains to customers how to do transactions in cryptocurrency, assisting newcomers to the space. 


Currently Bitbase is considering expanding its operations and setting up offices and cryptocurrency ATMs in many European nations. The corporation was also interested in Latam.  


On July 15, Bitbase made its entrance into the area by opening a branch in Paraguay. The organization announced in July that it was in talks to open an office in Venezuela.  


An announcement from Bitbase reveals that the company is considering expansion into several European countries and setting up crypto ATMs and offices. Although there have been no formal updates on the progress Bitbase has achieved in these activities. 


In the Netherlands, Italy, the United Kingdom, Germany, and England, Bitbase seeks licenses to expand. To reach 200 ATMs by the end of this year, the company expects to install 100 more ATMs in Spain.  


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Indrani bose

CBW - External Analyst

INDIA

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