ATM operator for transactions with cryptocurrencies Coin Cloud has entered into a partnership with Grupo Carrefour Brasil to bring cryptocurrency ATMs to stores in the network. By the end of this month, the company will install four pieces of equipment in the commercial galleries of Carrefour Property. Coin Cloud terminals allow the purchase and sale of dozens of cryptocurrencies. This includes Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA) and Solana (SOL). The first of the four facilities has already been opened at Jardim Pamplona Shopping, in São Paulo. Now, the other ATMs will be installed in the Carrefour hypermarkets in São José dos Campos and Anchieta (SP) and Brasília (DF).
Cryptocurrency ATMs – Coin Cloud
Coin Cloud already has 23 crypto terminals installed in Brazil in the states of São Paulo, Mato Grosso do Sul, Minas Gerais, Curitiba, Rio de Janeiro, Pernambuco, Goiás, Espírito Santo and Santa Catarina. Now, the company wants to further expand its services. As Coin Cloud’s marketing manager, Ana Victorazzi, pointed out to CriptoFácil, the goal is to have at least 100 machines installed by the end of 2022 “Not all of them have a certain destination. We are negotiating with partners all over Brazil,” she highlighted. According to a statement sent to CriptoFácil, receiving these ATMs is part of Carrefour’s Digital Transformation. In addition, the company wants to keep up with the demand generated in the market with the growth of cryptocurrency investors. “With the increase in new investors in cryptocurrencies, we see the lease relationship as an excellent opportunity to offer the service in a safe and well located environment. After all, customers feel comfortable and confident in carrying out operations of this magnitude in commercial establishments”, highlighted Patrícia Lima, commercial manager of Carrefour Property.
Converting cryptocurrencies into physical money
According to the country manager of Coin Cloud in Brazil, Isabela Rossa, the investment in new service points aims to meet the demand generated by the increase in crypto-asset investors and the need to convert the investment into physical money and vice versa. At the same time, issues of security and easy access were fundamental for choosing the points for installing the ATMs: “When we launched the project for Brazil, a year and a half ago, the first thing that came to mind was security. That’s why we initially went to shopping malls, which are capable of offering security and a large number of people. Another very busy place that has this security is the supermarket. And when we think of supermarkets, the biggest chain in Brazil today is Carrefour,” Rossa told CriptoFácil. The executive also said that the company studied what people were expecting from ATMs. In this sense, the accessibility that supermarkets offer was one of the points indicated by customers. After all, these spaces, in general, offer free parking and easy access to machines, in addition to security. “The partnership with Carrefour began to be negotiated six months ago. And the idea was very well received by the heads of Carrefour. We got final approval in February, and the first machine was installed in March, at Jardim Pamplona Shopping, which belongs to Carrefour. The perspective is now to expand through hypermarkets and the Express and Bairro chains throughout Brazil”, concluded Rossa. To transact at Coin Cloud ATMs, the customer needs to have a digital wallet. To buy an asset, just invest a minimum of BRL 10. Withdrawals are allowed for amounts over BRL 50. Also read: Token inspired by Will Smith’s slap on Chris Rock rises 13,000% Also read: Mt.Gox will launch NFTs for victims of the 2014 hack Also read: Expert indicates the best metaverse games to make money