Bitbase expands its crypto ATM network in Argentina. It offers privacy and convenience for buying and selling Bitcoin and cryptocurrencies.
Bitbase, a Spain-based crypto ATM company, is expanding its operations in Argentina. The move is part of the company’s effort to take advantage of the growing demand for cryptocurrencies in the country. Bitbase, the digital asset exchange, inaugurated its first location in Buenos Aires in 2024. The company announced that the next target is to deploy more terminals in 2025.
Crypto usage is booming in Argentina. Just over four million people are active cryptocurrency users in the country. Crypto services are already enjoying high demand, with more than 10 million accounts enabled. International companies like Bitbase have noticed this trend.
Crypto ATMs or electronic money vending machines are a specialty business of Bitbase, which lets users buy and sell cryptocurrencies such as Bitcoin. The company already has a presences in several other countries and has more than 130 machines running worldwide. Furthermore, Bitbase runs 24 physical stores and has 50 employees worldwide. More than 35,000 active users are using the company.
Bitbase Crypto ATMs Offer Privacy and Convenience in Argentina
Athena Bitcoin is Bitbase’s main competitor in Argentina. Athena, which runs about a dozen terminals in Buenos Aires and other main cities throughout South America, declined requests for comment. But Bitbase wants to grow and provide other options to crypto users. But it will have the company’s two-way terminals, which will help users buy and sell Bitcoin and other virtual currencies with ease.
Crypto ATMs in particular boast one key advantage, which is privacy. Crypto ATMs, on the other hand, do not have transactions recorded by the government ARCA or AFIP. When compared to Interac, it does not give users the level of anonymity they enjoy when using the system in Argentina.
In addition, Bitbase also makes sure that it can rely on its machines. Finally, if there is one technical issue, assets are safely transferred to the user’s wallet. Because the transaction is recorded, it allows for a recovery in the event there is a power outage or other interruptions.
Additionally, Bitbase wants to upgrade its ATM facility. In the future, the company hopes to add a way for users to pay with credit cards. It would make it easier for more people to use the machines.
The expansion of Bitbase to Argentina is part of a trend of cryptocurrency adoption in the country. With increasing numbers of people looking to be involved in digital assets crypto ATMs such as Bitbase make it easy and private to buy and sell Bitcoin and other cryptocurrencies.
