The Spanish startup BitBase is opening the first physical Bitcoin store in Portugal. This would be the first of two stores that will be opened in the country: the first being in Lisbon will be opened on Monday, January 24th, and the second is scheduled for Porto, although the precise date and venue have not been revealed.
Alongside the store, BitBase plans to install several crypto ATMs that would help users with withdrawals and deposits.
So far, Portugal does not have a legal regulatory framework for the trade of cryptocurrencies and the Bank of Portugal has warned about the risk of trading crypto without government control.
To reduce this risk and help customers take their first step in the crypto world, BitBase plans to have a specialized team that will assist in the sale and purchase of cryptocurrencies.
The company also plans to extend its business model to the United Kingdom and Columbia.
If you are new to crypto, you would find our beginners’ guide to cryptocurrency helpful.
Emmanuella Elenbalu is the Content Manager at Coinsem. She is passionate about cryptocurrency, investment, and learning new things.