Venezuela Might Have Cryptocurrency ATMs Again Soon
While Venezuela has been a leading country for cryptocurrency adoption in Latam, its citizens don’t have access to cryptocurrency ATMs. However, this might change in the future, as Bitbase, a crypto ATM company, is currently in talks with Venezuelan authorities and banks to install some of its machines and stores in the country. Bitbase in Talks to Bring Crypto ATMs to Venezuela Bitbase, a cryptocurrency services company, is in talks with government and banking authorities to offer crypto ATM services in Venezuela. Enrique de los Reyes, the Bitbase representative in the....
Related News
While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for adoption in the country.
Colombia, Crypto ATM Haven
There is a cryptocurrency ATM boom going on in Colombia right now, being this is the country that hosts the second-highest number of these ATMs in the region. Columbia was in first place until not....
Bitbase is a cryptocurrency store and ATM company which has now decided to launch its ATM operations in Venezuela this year. Bitbase is currently planning to hire employees for its stores and the crypto ATMs that are to be introduced. This could make the ATM company one of the first international exchanges that have planned […]
Venezuela has ordered severe limits on bank withdrawals less than a week after India made changes to its cash currency precipitating long lines at the nation’s ATMs. Both of these government actions have led to an increase in interest on the digital currency, Bitcoin. Venezuela’s Superintendency of Banking Sector Institutions (Sudeban) forbade public and private banks from dispensing more than US $5.26 per day cash from branches or ATMs. Sudeban allows a maximum of four transactions allowing the withdrawal of up to approximately US $5. In the midst of crisis, Venezuela’s inflation has....
Setting upon the same path as India, Venezuela has announced a major capital control regime. Starting on December 1, Venezuelans are only allowed to withdraw US$5 a day from financial service providers, banks, and ATMs. For years, Venezuela has been in the midst of a serious financial crisis. Low-income neighborhoods are protesting against the authorities, black market trades are being heavily regulated and even the wealthy population of the country struggle to obtain other reserve currencies and safe haven assets like the US dollars and gold. A dire financial situation has lead to....
Bitbase, a cryptocurrency store and ATM company headquartered in Spain is preparing to open operations in Venezuela this year. The company is now looking for employees for the stores and crypto ATMs that will be opened. Bitbase would be one of the first international exchanges to open an office in the country.
Bitbase Prepares to Launch Operations in Venezuela
Latam countries have become an attractive destiny for cryptocurrency exchanges and companies due to the relevance that crypto assets have reached in some countries. This is because of the economic problems that the region....