First National BNAK has announced the opening of the world’s first brick-and-mortar Bitcoin exchange store in Latin America, enabling locals to meet up and sell or buy bitcoins in person.
The new financial services will be provided at the Cofres Bitcoin swap point, which is located in Montevideo, Uruguay, and are believed to strongly appeal to Bitcoin traders through the security and credibility enveloped in the process of exchanging bitcoins manually.
“Clients have more peace of mind meeting the people involved in transactions and knowing there is a well-capitalized business more substantial than a web page or Internet avatar backing up the integrity of trade and commerce,” said Daniel Bruno, Chartered Market Technician and the founder of the Cofres Bitcoin swap point.
According to him, now is the best time to take digital currencies like Bitcoin mainstream and views the concept of the over-the-counter swap points to be an effective solution in reducing the mysterious nature of cryptocurrencies as highlighted by making transactions in an online Bitcoin exchange.
Although there are currently over 12 million bitcoins being circulated all over the world, many people are still unaware of the digital currencies in general, let alone the various methods on how to get bitcoins, Bruno said.
“People should not have to be computer geeks and Internet security mavens to take advantage of digital money,” he added.
In effect, the swap point will not only provide instant access to transactions, but it will also serve as a medium to create a general awareness among the people about the digital currencies and their potential role in the future.
Aside from trading bitcoins, the services offered on and off the Internet by the Cofres Bitcoin meet up, exchange, and swap point include the manual purchasing of the new cryptocurrency Swiftcoin, trading of precious metals, and opening of forex trading accounts.
The launch of a brick-and-mortar digital currency trading marketplace is among the innovations currently available to make the acquisition of Bitcoin faster, convenient, and more personal as Bitcoin ATMs capable of exchanging Bitcoin for cash and vice versa have also been introduced in the market.