Turkish Cryptographic Company Bitci Eyes Expansion In Brazil, Spain: Report

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Turkish crypto company Bitci views international expansion with Brazil and Spain as the first countries in line, chief Onur Altan Tan said in an interview.

  • The company aims to open a trading platform in Brazil next month with plans to open Spanish in March, Reuters reported on Monday.
  • Bitci operates a crypto exchange, a mining facility, and offers fan sites in partnership with major sports brands. Last year, the company launched token tokens for both national football teams Brazil and Spain go along with many club offers, including the English Premier League Wolves and Scottish Premiership side Guards.
  • “We are opening a crypto exchange in Brazil because we have valuable assets there. We have released phantoms from Brazil’s national team and we have agreed with six other clubs,” said Altan Tan.
  • Brazil has experienced a bit of a cryptocurrency explosion in recent months due to inflation and a devaluation of reality.
  • Last year, Bitci’s native Turkey banned the use of crypto for payments. However, spiraling inflation and a drop in the value of the lira against the dollar have been healthy for the popularity of digital currencies.

Read more: Turkish President Erdogan to Send Cryptography Law to Parliament: Report

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