The First Real Store for Buying and Selling Bitcoin to Open in Portugal

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Key Takeaways:

  • The first real store for buying and selling bitcoin to open in Portugal.
  • BitBase’s first cryptocurrency store outside of Spain will debut on January 24.
  • It will be in Lisbon, where multiple digital currency ATMs will be installed.

BitBase, a Spanish cryptocurrency exchange, aims to open two storefronts in Portugal for buying and selling cryptocurrencies, as well as ATMs. The first outside of Spain will be in Lisbon’s Campo de Ourique. The second is still being finalized, which will be in Porto.

The actual store in Lisbon will open on Monday, January 24, and will have numerous “ATM”-style pieces of equipment for purchasing bitcoin and seven other cryptocurrencies. This will be the country’s first physical cryptocurrency store, according to the company.

BitBase claims to help customers “take their first steps into the crypto world” by providing “support in purchasing and trading cryptocurrencies” at the stores, according to the company’s website. There are currently 25 BitBase outlets spread throughout 15 Spanish cities.

According to BitBase, “there are just four digital currency distributors” in Portugal, according to the Radar Coin ATM website statistics. According to the firm, this is a far lower number than in Spain, where “149 are now operational,” according to the firm. On the other hand, the Spanish market is greater than the Portuguese market.

With the addition of the Portuguese country, BitBase will have 30 institutions for buying and selling cryptocurrency between its stores and franchises.

In addition, 20 new cryptocurrency ATMs will be installed in various Spanish cities. BitBase will have 85 ATMs after its introduction. The business with the most bitcoin ATMs in Spain is a long way ahead of the second, which has 40 and is poised to become Europe’s third-largest operator.

Chetna Prakash
Chetna Prakash

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