2023-10-11 07:30:53

Spanish Crypto ATM Company Bitbase Eyes European and Latam Expansion

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Bitcoin.com
By Sergio Goschenko

Bitbase, a Spanish cryptocurrency ATM company, is planning to keep expanding its services in 2023. The company, which received investments from Dextools and Woonkly, two Web3-based decentralized companies, aims to reach 200 cryptocurrency ATMs installed in Spain. Bitbase is also working to obtain licenses to begin operating in countries like Italy, England, Germany, and the Netherlands, and in Latam countries like Venezuela.

Bitbase Receives Major Investments

Bitbase, a Spain-based cryptocurrency ATM company with offices all around the world, is now aiming to further expand to new territories for next year. The company, which already has 100 crypto ATMs in Spain, received investments from two decentralized Web3 companies that could help it keep growing into new markets.

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Dextools, a company offering a series of tools dedicated to the handling of tokens in decentralized exchanges, acquired 22% of the company, while Woonkly, another decentralized exchange, and NFT marketplace, is now the owner of 5% of Bitbase’s stock. With this investment, now Bitbase hopes also to get into the metaverse and Web3 side of the equation, backed by the knowledge and the structures of these two companies.

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