According to a report by ECO, BitBase, a Spanish startup, plans to open two stores to buy and sell cryptocurrencies in Portugal and install ATMs for the same purpose. The first outside Spain has already found a “home” in Campo de Ourique, Lisbon. The second has not yet come to fruition, but it is decided that it will be in Porto.
The opening of the physical store in Lisbon is scheduled for Monday, January 24, and the establishment will have several “ATM” type machines for the purchase of bitcoin and seven other cryptocurrencies. The startup says this will be the first physical store focused on cryptocurrencies in the country.
In the brand’s stores, BitBase promises to help customers “take their first steps in the crypto world”, with a “specialised team” to provide “assistance in the purchase and sale of cryptocurrencies”. Currently, there are already 25 BitBase stores located in 15 Spanish cities, a country where it also manages a network of 149 “ATM” cryptocurrency boxes.
BitBase cites data from the Radar Coin ATM website to mention that “there are only four digital currency distributors” in Portugal. This is a much lower number than in Spain, notes the startup, “where 149 are already operating”. The Spanish market is, however, larger than the Portuguese one.