Gleec BTC Acquires Blocktane to Strengthen Presence in Brazil

Gleec BTC Exchange has purchased Blocktane, a leading South American digital assets exchange. Gleec BTC’s new acquisition is a strategic move aiming to help it become a more formidable player in the Brazilian digital assets industry. The South American nation has risen to become one of the most lucrative markets for the crypto markets in the business world.

The acquired assets of Blocktane will be integrated into the company’s existing infrastructure. Blocktane Gleec BTC’s legal entities, brand name, internet properties, data, BKT token supply, treasury inventory, and previous local management are some of the core assets.

A case for the Brazilian crypto market and Gleec BTC’s approach

With over 200 million people and a youthful population distribution, Brazil is considered to be one of the most crypto-friendly countries in the world. With plans to launch in Brazil within the next weeks, Gleec BTC Exchange actively seeks to expand in this rich market. Therefore, the company is making a strategic move by acquiring Blocktane. The reason for this is that the company has already established itself as a frontrunner in the Brazilian digital assets exchange sector.

Furthermore, new legislation passed by the Brazilian government this year created the groundwork for a regulatory framework that will go into force next year, thereby legalizing crypto payments in the country. This means that Brazil is well on its way to becoming one of the world’s most dynamic cryptocurrency markets. In addition, the new law will undoubtedly increase the already large number of Brazilian businesses that accept cryptocurrency payments (there are currently more than 900 of them).

Gleec BTC runs not only the Gleec BTC Exchange but also the Gleec Pay mobile payments app and the Gleec SV digital POS tool for merchants looking to take cryptocurrency. This puts it in a prime position to succeed in the vibrant Brazilian crypto market. Furthermore, Gleec has revealed that it will soon add support for the Brazilian real, the country’s national currency.