Coin Cloud Goes International

10 Coin Cloud BTMs are Launching in São Paulo, Brazil
By 
Coin Cloud Team
, published on 
June 8, 2020
Coin Cloud Goes International

Jump Up! A bunch of Coin Cloud BTMs are getting on a plane and heading to São Paulo, Brazil – not for summer vacation, but to make a difference in the lives of Brazilians.

Until now, Brazilians have only been able to trade cryptocurrency online through a few international exchanges. For the first time, residents will be able to buy and sell digital currency with cash at 10 locations in São Paulo!

“Brazil’s an amazing market for digital currency, and yet there are no Bitcoin ATMs there yet,” says Chris McAlary, CEO and Founder of Coin Cloud. “So, we’re really excited to bring this new product to Brazil and get started there.”

Why Brazil?

“A lot of people have asked us why Brazil’s the country we chose for our first international expansion,” McAlary says. It took a year of research, but they discovered that Brazilian Real to Bitcoin (BRL-BTC) was the third-largest trading pair in the world, behind the USD and the Euro. “Brazilians love their digital currency,” McAlary confirms.

With Brazil being such an underserved yet eager market, it was practically a no-brainer for Coin Cloud to expand there first. The first 10 Coin Cloud Brazil machines are slated to go live in São Paulo over the next few weeks.

“One of the things we’re most excited about, about our international launch, is offering US dollar stablecoins and other stablecoins in this market,” explains McAlary. “We think these are going to play a huge, important role in remittance to and from Brazil, in sending money back and forth to family, friends and international transactions. So, we’re very excited to be able to offer Brazilians a cash-to-digital-currency option.”

You can find out more about the Brazil project and BTM locations by clicking the Brazilian flag at the top right corner of coin.cloud.

Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

What is Coin Cloud?

Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.

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