Bitcoin Forum

CoinBR has acquired bitcoin banking platform Coinverse in an undisclosed deal that will find the two Brazil-based companies consolidating.

Following the deal, CoinBR is looking to expand aggressively, according to chairman Rocelo Lopes, who estimated the company could purchase as many as four competitors as it seeks to create a market-leading universal bitcoin company for Brazil.

Lopes indicated that CoinBR will seek to acquire a merchant processor to complement its existing mining, exchange and wallet services, a purchase made possible through profits from his bitcoin mining operations and Sao Paulo-based VoIP provider Othos Telecomunicacoes.