Coinverse installs Bitcoin ATM in Sao Paulo

Coinverse’s Bitcoin ATM in Sao Paulo

Bitcoin solutions provider Coinverse installed a Bitcoin ATM at the World Trade Center in Sao Paulo, Brazil, this past week.

The ATM, located in Shopping Nações Unidas in the World Trade Center, performs deposits and withdrawals in Brazilian Real and can be used to purchase Bitcoins.

The launch of the ATM is aptly timed, according to Coinverse executive Safiri Felix, as Brazil is currently hosting and continues to receive a large number of international football fans and tourists for the ongoing FIFA World Cup 2014.

“This launch comes at an ideal time and place to bring convenience and flexibility to the large number of international tourists who will be visiting Brazil during the World Cup. With this, we will establish ourselves as a reference in the sector with the corporate audience and those linked to new technologies,” said Felix in a press release sent to CoinReport.

Coinverse says it presents “solutions to facilitate the understanding and participation of the users, so that innovation can grow.” Their objective is to “reduce the cost of financial transactions worldwide.”

Coinverse’s Bitcoin ATM in Sao Paulo

“You can buy and send Bitcoin wherever you please without the bureaucracy and escaping high fees charged by traditional financial institutions,” said Felix.

Future plans for Coinverse include installation of ATMs in Montevideo, Santiago, in all Brazilian State capitals and other countries in South America, with one soon to be opening in Rio de Janeiro.

“We have the capital and expertise to be the largest Bitcoin enterprise in Latin America. We have many partners to fulfill our commitment to help people participate in the world of Bitcoin and facilitate international transactions using this technology. It’s a huge opportunity,” concluded Felix.