Bitnovo’s new partnership with Wipay
It seems that cryptocurrencies are taking over Spain. Between the creation of new laws, bitcoin (BTC) casinos, the growth of portals, stores and businesses that accept this type of payment method, financial companies have begun strategic alliances to collaborate with the growth of the crypto market in the country.
Such is the case of Wipay that, in alliance with Bitnovo, has planned to achieve that more Spaniards adopt cryptocurrencies as a means of payment between companies and consumers.
Growth of the cryptocurrency market in Spain and Europe
A few weeks ago, the adoption of payments with cryptocurrencies in new establishments such as gas stations came into effect. So, More and more businessmen are seeking to protect their money from devaluation, which continues to reach alarming levels.
In response, experts like Mario Conde recommend saving or storing your assets in bitcoin to protect yourself from inflation in Spain. This is because it is a useful means to protect fiat money from the growing devaluation in the country. The reason behind this recommendation is that BTC, like some other cryptocurrencies, does not lose its value like property and real estate do.
In addition, cryptocurrencies give you a excellent relationship between profitability and liquidity, different from what property and real estate can achieve. Technology continues to generate challenges for the Spanish economy, with the inclusion of laws such as MiCA, which seek to normalize the use of cryptocurrencies in the national territory.
This has been done in response to the growth of the European crypto market, which is projected to reach $13.6 billion by 2024, with a growth rate of over 8% annually.
Who are Bitnovo and Wipay?
Bitnovo has been recognized for its foray into crypto assets in Europe. It is a crypto-financial company that has penetrated the French, Dutch and finally the Spanish market. To summarize, Bitnovo Pay is all about an application where you can easily buy and sell cryptocurrencies, reliably, safely and efficiently. It has been present on the market since 2015 and has established itself as a cryptocurrency wallet in Europe.
On the other hand, Wipay is more recognized in the Spanish market for its offer of solutions to financial problems using technological tools. In fact, it is famous for having the largest automatic payment network at gas stations at the national level. So it is synonymous with speed, efficiency and trust.
It is precisely because of these characteristics that Bitnovo and Wipay are an excellent combination to bring greater acceptance of cryptocurrencies in the Spanish financial ecosystem. With Wipay’s knowledge of the Spanish market and Bitnovo’s history trading with cryptocurrencies, the main objective will be to educate the Spanish consumer about this new alternative for managing money.
What are the contributions of this association to the Spanish crypto ecosystem?
The main focus of the union of Bitnovo and Wipay is to successfully insert itself into the market of Spanish merchants. That is to say, so that more merchants can accept payments in cryptocurrenciesand that consumers know how to make these payments with a simple, fast platform and using their own crypto assets.
Today, Wipay is already one of the most complete solutions by bringing together a wide range of payment methods, including some cryptocurrencies. So, together with Bitnovo Pay, it is expected to become a revolution in payments, as more Spanish individuals would learn to buy cryptocurrencies and more businesses would accept them in their stores.
The Bitnovo Pay opportunity in Spanish crypto casinos
While it is true that there are many crypto-casinos in Spain and that there are many ways to pay with a wallet that incorporates cryptocurrencies, so far the systems may seem complex. However, the simplicity of Bitnovo Pay for making payments, and even cryptocurrency exchanges, also makes transactions much easier.
In all cases, Using Bitnovo Pay opens the possibility for you to pay with your favorite cryptocurrency at any casino. This includes those cryptocurrencies not available at the casino you want to play at, by being able to make a quick exchange at Binovo Pay so you can deposit with the accepted digital currency.
Following the approval of the MiCA law, which regulates cryptocurrencies in the country, this is a completely legal transaction. As are online games of chance and betting on portals regulated by international licenses and governed by the corresponding national legislation.
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