One of the electronic payment giants in Brazil has announced its support for Bitcoin and the one in the news here is payment processor Cielo.

Cielo is an electronic payment processing company in Brazil.

It is considered the largest company in its field on the level of the South American continent in terms of revenues and market size.

The company provides support for all electronic payment cards.

Cielo was established as a partnership between Visa and the Bradesco, Santander, Real banking group in 1995.

According to reports news Recently released, the Brazilian payments giant is looking to support Bitcoin and other cryptocurrencies in the future.

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And that is by supporting it through the abandoned points of sale that it owns, which number more than 1.4 million devices.

Thus, customers will be able to purchase bitcoin through Cielo vending machines by creating an account with one of the service partners, Uzzo or Criptohub.

Meaning, Brazilian users will be able to buy bitcoin through PoS devices that generate a QR code that the customer can scan using one of the partner apps that support the service.

For the record, Cielo will support later this year the ability to buy bitcoin using the Cielo Pay app, according to the aforementioned source.

Brazil is considered one of the countries with a high population density, the factor that many financial investment companies and crypto companies focus on, in addition to the openness provided by the country to foreign investment projects.

Brazil thus becomes one of the hot spots in bitcoin trading, according to the site the scientist Bitcoin investors in Brazil exceeded the number of individuals registered on the Sao Paulo Stock Exchange last February.

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