BitBase to open physical Bitcoin stores in Portugal

Spain’s BitBase plans to open two stores for buying and selling cryptocurrencies in Portugal and install ATMs for the same purpose. The first outside Spain will be located in Campo de Ourique, Lisbon. The second is pending, but it has been decided that it will be in Porto, a company’s official source told ECO.

The inauguration of the physical store in Lisbon is scheduled for Monday, January 24, and the establishment will have several “ATM” type pieces of equipment (equivalent to conventional ATMs) to buy bitcoin and seven other cryptocurrencies. The startup says this will be the first physical store focused on cryptocurrencies in the country.

At the stores, BitBase promises to help customers “take their first steps into the crypto world” by having a “specialised team” to provide “assistance in buying and selling cryptocurrencies,” the company’s website states. Currently, there are already 25 BitBase stores located in 15 Spanish cities.

“This will not be the only establishment the company will have in Portugal,” reads a note to which ECO had access. The company has already started the process to find a place where it will install “another store” in Porto.

BitBase cites data from the Radar Coin ATM website to state 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.