The first crypto cafe in Puerto Madero dedicated to Bitcoin opens

The first crypto cafe in Puerto Madero dedicated to Bitcoin opens

Key facts:
  • Payments with BTC are made through the Lightning P2P network.

  • It also has a bitcoin ATM and will do crypto events with educational institutions.

The world of cryptocurrencies is growing by leaps and bounds and this is demonstrated by the new cafe that opened in Puerto Madero, Buenos Aires City, on Friday, May 6: CrypStation. A place that CriptoNoticias attended to learn how it works from up close.

CrypStation is the first cafe in Puerto Madero that allows you to pay with bitcoin (BTC) and other cryptocurrencies. It is located in one of the iconic brick buildings in front of the dam that belongs to the Argentine Catholic University (UCA). An entity from which he received support, according to Mauro Liberman, one of the founders, told us.

The place has statues representing the bullish and bearish bitcoin sentiment. Source: Criptonews.

Mauro Liberman confessed to us that coffee is actually an “excuse” to “create bridges between the traditional economy and the crypto world.” It could be that like any other product or service, he estimates, because he believes that the adoption of cryptocurrencies will become massive in businesses and people.

As an investor with more than five years of experience trading bitcoin, he decided to capitalize on his knowledge in this project that is not only gastronomic.

The café will also offer investment advice, courses and events on the universe of cryptocurrencies, as well as access to the metaverse. This is in addition to the possibility of paying with BTC through the Lightning Network, a peer-to-peer (P2P) second layer network. In turn it can be paid using the other conventional methods.

The new cafe encourages the use of bitcoin in Buenos Aires. Source: Criptonews.

The co-founder clarified that payments with cryptocurrencies can only be made from personal wallets, that is, not through centralized exchanges. This is because such platforms do not allow making payments, but trading. On this, he indicated that it is important for users to learn the importance of storing their funds in self-custody wallets outside the exchanges, a central value that identifies Bitcoin.

Another bitcoin ATM arrives in Argentina

As for the facilities, the place has a sector of tables with hanging chairs and a screen where you can see the live quotes of cryptocurrencies. It also reveals the latest ecosystem news.

In addition, it has a bitcoin ATM from the Athena company. This machine is the 11th installed by the company in Buenos Aires, which allows interested parties to exchange cash for cryptocurrency and vice versa.

The cafe has an ATM for buying or selling bitcoin. Source: Criptonews.

The City of Buenos Aires and universities encourage the use of cryptocurrencies

The initiative in the university’s annex shows that bitcoin as a currency and investment is increasingly taking ground in educational institutions. Not only in the private sphere, but also in the public ones.

This is demonstrated by the University of Buenos Aires (UBA), which recently held a talk on cryptocurrencies at the Faculty of Economic Sciences, where CriptoNeticias was also present. This was led by the Crypto exchange and the market analyst Carlos Maslatón, who explained his secrets to predict the price of bitcoin, a cryptocurrency in which he invests for years. In this same line of education, since 2022, students in the last year of public and private schools have classes on crypto in the City of Buenos Aires.

The government of the City of Buenos Aires has been supporting the use of cryptocurrencies with different actions. This is evidenced by the recent enablement of tax payments with cryptocurrencies through partner exchanges. Also in meetings held with important actors of the ecosystem such as Vitalik Buterin, the founder of Ethereum, until his participation in industry events. For example, at the launch of the Mastercard card for paying with cryptocurrencies from Belo.