BitBase First Physical Cryptocurrency Exchange Admitted By Banco de España By


BitBase, the company with the most cryptocurrency ATMs in Spain and the third in Europe, has just been admitted by the Bank of Spain. On February 23, 2022, this startup, created at the end of 2017, was registered in the Bank of Spain Registry of Providers of Virtual Currency Exchange Services for Fiat Currency.

It thus becomes the first physical cryptocurrency exchange supported by the national central bankand becomes part of the almost exclusive list (only three companies are made up) of companies dedicated to this sector that have already received the consent of the Bank.

This means, as pointed out by the company’s legal department (which has been working for months to achieve this milestone), that BitBase complies with the regulations required in Spain in accordance with the provisions of the Law on the Prevention of Money Laundering and Financingn of Terrorismalso fulfilling the requirements of commercial and professional honorability”.

It represents a tremendous boost for a company that, in its four years of life, is having a dazzling growth. An incentive to move forward in pursuit of achieving the ambitious goal that its founders, Álex Fernández and Adrià Llorens, set for themselves from the outset: to facilitate access to the cryptographic ecosystem to every ordinary person, whatever their level of knowledge about the same.

85 ATMs and 30 stores between Spain and Portugal

It all started with a small shop on Fonería street in Barcelona. that was the first cryptocurrency store in Spain and the place where this adventure began (utopian for many).

Just five years later, BitBase in one of the most important cryptocurrency companies in Spain. The fact that it has been admitted by the Bank of Spain is a very important endorsement.

Currently, and with the recent opening of the first outside Spain (in Lisbon -Portugal-), it has (including stores and franchises) 30 physical establishments of buy and sell cryptocurrencies.

VenezuelaColombia and England

But this does not stop. The purpose is to continue growing, both in presence and in projects related to the main company.

After leaving Spain to open the first BitBase store in Lisbon, the next step will take the purchase of digital currencies to the streets of Venezuela, Colombia and England. From the company they are working on it and hope to confirm it soon.

Along with stores and ATMs, BitBase offers all users other services such as cryptocurrency loans, the BitShop and, of course, its own token, BTBS, which was listed on Bittrex last November 2021.

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