Bitnovo and eurocoin have just signed a strategic alliance with the aim of continuing to increase ATM networks that operate with cryptocurrencies.
Marcos Muñoz, founder of Bitnovo, highlights that “Since the foundation of Bitnovo, 2021 has been our best year and in a context of greater acceptance of crypto assets, both at an institutional level and among retail investors, we must continue working on training, digitization and innovation in the sector. It is in this context, that while banks reduce the number of ATMs due to changes in the habits of their customers, cryptocurrency ATMs do not stop growing. According to Coin ATM Radar, they have even doubled in the last year”.
Cryptocurrency ATMs allow any user to have access to bitcoin and major cryptocurrencies. Unlike purchases over the Internet, these terminals allow cash operations and without the need to resort to transfers or use cards.
This agreement, in addition to a greater approach of society to cryptocurrencies, will place Spain as the first country in Europe and third in the world with the largest number of crypto ATMs in the world, only behind the United States and Canada, they highlight from Bitnovo. In addition, from the company they point out that their ATMs are the simplest and safest on the market since the client does not need to write the address of their wallet or scan QR codes.
More than 100 cryptocurrency ATMs in Spain
Europe has become one of the reference continents in the number of ATMs in the world and, according to the latest survey by Statista Global Consumer, Spain is the second country in Europe in the number of people who say they use or own cryptocurrencies. In our country there will be more than 100 ATMs in this regard.
With this alliance, Bitnovo will not only be a leader in the segment of the sale of physical cryptocurrency coupons in more than 40,000 points in Europebut it will also become, together with Eurocoin, a world power in the installation of cryptocurrency ATMs.
According to Fernando Dumont, CEO of Eurocoin Spain: “This is a strategic move by the company to expand our market niche from traditional and digital payment systems to the blockchain and cryptocurrency ecosystems. We believe that the future of payments in all its forms will coexist with the crypto universe in the short term.
Since its birth in 1973, with almost half a century of history, the Eurocoin Group has positioned itself as a reference company in the market in the manufacture and distribution of electronic components, such as monitors, means of payment and industrial printers, among others, and as one of the main manufacturers of ATMs in Europe, the Middle East and Africa. It currently has 16 delegations and logistics warehouses, located in 12 European countries and Russia, in addition to having three own factories in the United Kingdom, Germany and Hungary.
Undoubtedly, this alliance will benefit both companies, but above all Spanish and European users who will have more and more options to access this new economy whose growth has no limits.
