Following the acquisition of a majority stake in the exchange in Peru Fluyez, Bit2Me is looking for buying opportunities in Chile, Colombia and Uruguay.
- Bit2Me buy peruvian cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange Flow
- Aims to conquer more Latin American countries: Chile, Colombia and Uruguay
- It had already entered the Brazilian market an area or arena, online or offline, in which commercial dealings are conducted.
The Spanish exchange Bit2Me definitely wants to conquer Latin America. The company, which was the first exchange whose registration was approved by the Bank of Spain, the country’s central bank, had already announced in May that it would debuted as a cryptocurrency provider in Brazil. . Now he’s going for more.
Bit2Me, the largest Spanish cryptoexchange, acquired a majority stake in Flow, Peru’s leading exchange, the company announced today.
La compra de la participación del 85% fue por más de EUR $1 millón (USD $1,022 millones), dijo a CoinDesk the director of operations of Bit2Me, Andrei Manuel, without revealing an exact figure. Flow, operational as of March 2021, will continue to be led by Luis Eduardo Berrospi, co-founder and CEO of the company. Flow works with more than 60 cryptocurrencies. In February 2022 it was approved as a cryptobank by the Superintendency of Banks of Peru.
The Peruvian company, which will not change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. its name after being acquired, plans to grow from 10,000 users to 100,000 in 12 months, Manuel said.
In parallel, Bit2Me is in negotiations to acquire an exchange in Chile, Manuel told Coindesk, and added that the company is also considering exchanges in Latin American countries such as Colombia and Uruguay. The purchase targets should range between USD $1 million and $20 million, he added.
“We are looking for companies that meet all the requirements, that have users, a wallet a place where cryptocurrency users can store, send and receive digital assets. where they can exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. cryptocurrencies and fiat, and a solid team.” Manuel said.
Leif Ferreira, CEO of Bit2Me believes that the team, the business model and the growth plan for Flow is closely aligned with that of Bit2me. In this regard, he said:
“We want Fluyez to continue to operate autonomously, but with all the capabilities that such a partnership allows. This acquisition shows Bit2me’s strength and commitment to the crypto ecosystem. We hope that in the following months we can close refers to the closing price; similar to the same term used in stock trading. new opportunities with other companies in the industry.” .
Bit2Me has already signed two memorandums of understanding to buy a fintech company and a software developer based in Spain during the second half of 2022. Also, will absorb the customers affected by the closure of the 2gether in Spain. Also, even though many other exchanges reduce workers, the company will increase its workforce and plans to add 250 employees over the next 12 months, doubling its workforce, he added.
The company will fund the acquisitions with cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. on hand, including EUR20 million it raised through an initial coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. offering in 2021, Ferreira said, adding that the company is not ruling out bringing in a strategic investor.
Version of DiarioBitcoin
Imagen de Unsplash