Spanish crypto company BitBase is set to install its first cryptocurrency ATM in Argentina in 2025, as digital asset adoption increases across Latin America.
According to a report from Argentina, the company has set aside $524,000 to support its launch, which marks its first foray into the Argentinian market. news website mercado,
This investment will finance the purchase of new crypto ATMs, the opening of physical stores, and compliance with local regulations.
Bitbase’s move reflects a growing trend of crypto expansion in the country as businesses and regulators increasingly adopt digital assets.
BitBase will provide personal support
Bitbase plans to strategically place its new crypto ATMs in different parts of Argentina.
As an important step towards starting operations, the company has already established a physical base in Recoleta, a major district of Buenos Aires.
In addition to ATMs, Bitbase will open stores to provide personal assistance and educational services.
These initiatives aim to bridge the knowledge gap and encourage the adoption of secure cryptocurrencies.
To support its expansion, BitBase has hired 10 staff members in Argentina and established local partnerships.
These include a collaboration with the NGO Bitcoin Argentina, an influential organization that promotes digital asset awareness.
The partnership aims to educate users on how to safely navigate the crypto market while reducing risks such as fraud and scams.
Bitbase to enable bank card transactions
BitBase’s regional director for Argentina, Nadia Carabín, confirmed that users will soon be able to buy and sell cryptocurrencies using bank cards.
The company hopes to launch this feature within a few months, making it easier for Argentinian users to access cryptocurrencies.
The growth is in line with Bitbase’s existing model in Spain, where it operates 135 Bitcoin ATMs, 24 physical stores and serves more than 35,000 active users.
Launched in 2017, BitBase has grown to employ 50 employees and continues to expand its footprint globally.
Its entry into Argentina comes at a time when the country’s economic challenges, including historically high inflation, have fueled growing interest in decentralized financial systems.
Argentina’s crypto landscape
BitBase’s expansion coincides with Argentina’s efforts to strengthen its cryptocurrency regulatory framework.
A recent cooperation agreement between Argentina’s National Securities Commission (CNV) and El Salvador’s digital assets regulator highlights this shift.
The strategic alliance aims to enhance regulatory practices, promoting the secure integration of digital assets into Argentina’s financial ecosystem.
While inflation in Argentina has moderated slightly in recent months, its impact on the economy has accelerated the adoption of cryptocurrencies.
Digital assets like Bitcoin (BTC) are being viewed as a hedge against economic instability.
In response, regulators such as CNV have signaled a more open stance towards collaboration with domestic crypto enterprises to facilitate secure, compliant operations.
Bitbase’s entry into Argentina underlines the growing demand for crypto infrastructure in Latin America.
As digital assets gain mainstream traction, businesses and regulators are working together to create a secure environment for crypto adoption.
The company’s investment not only meets market demand but also paves the way for further innovation in Argentina’s emerging financial landscape.
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